TDS only on payment basis
This query is : Resolved
19 April 2008
Is TDS on BONUS & LEAVE PAY deducted only if it is paid ?
Kindly quote relevant Section/Rule.
Thanks.
Kindly quote relevant Section/Rule.
Thanks.
19 April 2008
TDS on payment to employees is deductible on payment basis and therefore same thing is applicable on above also.
Refer Section 192 of Income Tax Act
Refer Section 192 of Income Tax Act
19 April 2008
On Payment basis only.
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