TDS
This query is : Resolved
18 March 2010
Dear expert,
during the audit while i was checking Tds on salary, the company accountant said that the TDS deducted on payment basis only not on journal basis
during the audit while i was checking Tds on salary, the company accountant said that the TDS deducted on payment basis only not on journal basis
18 March 2010
yes, tds on salary is to be made on payment basis.
Tax deduction is warranted only at the time of actual payment of salary. If employer follows, mercantile system of accounting and provides salary on accrual basis, tax shall notbe deducted u/s.192.
Irrespective of the method of accouting followed by employer tax deduction (tds) is to be made only on actual payment of salary
Tax deduction is warranted only at the time of actual payment of salary. If employer follows, mercantile system of accounting and provides salary on accrual basis, tax shall notbe deducted u/s.192.
Irrespective of the method of accouting followed by employer tax deduction (tds) is to be made only on actual payment of salary
18 March 2010
agree
18 March 2010
agree with anilji
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