03 May 2012
The partial salary of f/y 2011-12 is being given in may,2012. Whether the TDS should be deducted on the basis of the income of f/y 2011-12 or income should be considered in the f/y 2012-13.
03 May 2012
TDS is deducted on date of payment or date of credited whichever is earlier. If you follow accrual method of accounting you will have to deduct TDS in F/Y 2011-12.
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