JOSEPH (Head - Payroll and Compliance) (28 Points)26 July 2009
Replied 27 July 2009
While most of the sections dealing with TDS stipulate that tax to be deducted at the time of credit or payment whichever is earlier,Sec 192 indicates "at the time of payment". Therefore in my view the liability to deduct Tax in case of Salaries arises only at the time of payment. So in your case you can deduct qtrly at the time of paying the car allowance.
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