T.d.s

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2013 WHETHER THERE IS ANY CLOUSE IN INCOME TAX ACT OR RULE FOR DEDUCTION OF T.D.S FROM SALARY AT ANY TIME DURING FINANCIAL YEAR INSTEAD OF DEDUCTING T.D.S AT THE TIME OF PAYMENT ?????

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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31 July 2013 No such clause.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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31 July 2013 CBDT Circular 8/2012 dated 5.10.2012 says that income tax is required to be calculated on the basis of the rates prescribed ,subject to provisions of section 206AA of the Act, and shall be deducted at the time of EACH PAYMENT.

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