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TDS on Salary Provision

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2010 Dear Memebers,

We made a Provision of Salary and Remuneration on 31 march, Is there should be any TDS deduction on provision?

regards

Pritom Baruah
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UDAY

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UDAY (Expert)
09 April 2010 if salary and remuneration payable is exceeding the exemption limits after deducting allowable deductions , you need to deduct TDS while making provisions itself.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 April 2010 Income tax need to be deducted under section 192 on payment basis and not on due basis.



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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 April 2010 AGREE YOU NEED TO DEDUCT TDS ON SALARIES ON PAYMENT BASIS AND NOT ON DUE BASIS U/S192.

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