TDS

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Querist : Anonymous (Querist)
20 July 2011 Is this statement is correct.
TDS deducted on payment or due whichever is earlier.

20 July 2011 TDS is to be deducted on 1) actual payment 2) credit to the party, which ever is earlier.

here due means that the payment is recorded in books in name of party, so TDS applicable.


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