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Tds

This query is : Resolved 
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(Querist)
07 May 2013 dear sir/madam,

tds is deducted at the time of payment or credit to the account of payer and payee.

plz tell me what is the meaning of "credit to the account of payer and payee"
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CA Kalpesh Jain

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CA Kalpesh Jain (Expert)
17 May 2013 'Credit to the account of Payer or Payee ' Means when accounting entry has been passed in the books of accounts of payer or payee.
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