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TDS Deduction

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(Querist)
30 March 2009 Dear All,

Please tell me that TDS deduction is applicable on accrual or payment basis
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Jitender

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Jitender (Expert)
30 March 2009 tds will be deducted on accrual or payment whichever is earlier.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 March 2009 But tax is to be deducted from salary only at the time of payment ie., as and when salary is paid. Ref:- Section 192.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
30 March 2009 i support mr. warrier
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
31 March 2009 Both the experts are correct in their contexts.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
31 March 2009 both are correct

For Section 192: tax is to be deducted from salary at the time of payment .
for others TDS will be deducted on accrual or payment whichever is earlier.


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