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TDS

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(Querist)
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
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CA Anil Kumar Tadaka

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CA Anil Kumar Tadaka (Expert)
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
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
18 March 2010 agree
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
18 March 2010 agree with anilji
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