TDS Deduction
This query is : Resolved
30 March 2009
Dear All,
Please tell me that TDS deduction is applicable on accrual or payment basis
Please tell me that TDS deduction is applicable on accrual or payment basis
30 March 2009
tds will be deducted on accrual or payment whichever is earlier.
30 March 2009
But tax is to be deducted from salary only at the time of payment ie., as and when salary is paid. Ref:- Section 192.
30 March 2009
i support mr. warrier
CA Nitin Wadhwani
(Expert)
31 March 2009
Both the experts are correct in their contexts.
Manmohan ACA, CS
(Expert)
31 March 2009
both are correct
For Section 192: tax is to be deducted from salary at the time of payment .
for others TDS will be deducted on accrual or payment whichever is earlier.
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For Section 192: tax is to be deducted from salary at the time of payment .
for others TDS will be deducted on accrual or payment whichever is earlier.
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