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TDS liability on payment of Interest

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(Querist)
14 June 2017 We calculate interest on per annum basis in books and make entry in books on year end,so liability of TDS deduction arises on quarterly basis or when we credit this entry in books,kindly explain
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 June 2017 TDS liability arises when the the credit of income to the payee or payment which ever is earlier. so your case liability will arise on annually.

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