Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
as per income tax act tds deducted as the time of payment or credit whichever is earlier but in the case of tds on salary tds deducted at the time of payment only why.what is the mischief of this rule.
Shyam Lal Naik
(Expert)
28 June 2010
Probably there is no significant difference between the date of credit & date of payment in case of salary, where as there can be significant difference in other cases.
Praveen Maniyar
(Expert)
28 June 2010
I agree with Mr. Shyam lal.
28 June 2010
no as i concern as per section 192 tds is deducted at the time of payment or credit whichever is earlier
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