Ajeet
Chartered Accountant
[ Scorecard : 178]
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Posted On 18 September 2009 at 12:07
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Should we deduct TDS on when salary is credited or when it is actually paid?
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Sripada M
CA Final Student
[ Scorecard : 346]
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Posted On 18 September 2009 at 12:10
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TDS on salary should be deducted either on accrual basis or payment basis whichever is earlier.
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aNkuR jAin....................
CA. FiNaList
[ Scorecard : 1051]
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Posted On 18 September 2009 at 12:20
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YOU SHOULD DEDUCT TDS FROM SALARY ON paymnt (ACCRUAL) BASIS
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Sripada M
CA Final Student
[ Scorecard : 346]
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Posted On 18 September 2009 at 12:32
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Hi Ankur,
As per my knowledge, it is accrual or payment which ever is earlier.
If it is on accrual basis, then what about Advance salary???
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swohra
none
[ Scorecard : 313]
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Posted On 18 September 2009 at 12:32
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Dear Ajeet
In the case of "Salaries" the liability to deduct tax arises only at the time of payment.
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Sumit Arora
CA PCC 2nd Group Cleared
[ Scorecard : 1041]
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Posted On 18 September 2009 at 13:05
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TDS should be deducted at the time of Payment.
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shilpi jain
Chartered Accountant
[ Scorecard : 63]
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Posted On 18 September 2009 at 13:55
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yes, as per sec 192, TDS on salary should be deducted at the time of payment.
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shilpi jain
Chartered Accountant
[ Scorecard : 63]
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Posted On 18 September 2009 at 13:56
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yes, as per sec 192, TDS on salary should be deducted at the time of payment.
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Rajeev
EO
[ Scorecard : 54]
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Posted On 18 September 2009 at 14:00
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If I pay 3 months salary together to my employee on say 10th of september and deposit TDS so deducted by 5th of Oct, would I be committing a mistake since the salary had accrued in earlier months and I was carrying it as payable in my accounts..???
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Sunil L Kotak
Assistant Manager(Finance)
[ Scorecard : 1670]
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Posted On 18 September 2009 at 14:07
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Hi Rajiv, You will not be committing any mistake.
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