17 June 2011
Sir can you please tell me is eduction cess shall be imposed on tds rates and if already i have entered some vouchers without tds deducation then what should i do and and when is the TDS is to be deducted at the time of payment or at the time of booking EXp.
17 June 2011
1) Education Cess not to be imposed except in case of Income from salary u/s 192. 2) TDS is to be deducted at the time of payment or at the time of booking Exp, whichever is earlier.
For more infor related to TDS see below article---
CAclubindia
