TDS
This query is : Resolved
18 March 2010
Dear expert,
during the audit while i was checking Tds on salary, the company accountant said that the TDS deducted on payment basis only not on journal basis
during the audit while i was checking Tds on salary, the company accountant said that the TDS deducted on payment basis only not on journal basis
18 March 2010
yes, tds on salary is to be made on payment basis.
Tax deduction is warranted only at the time of actual payment of salary. If employer follows, mercantile system of accounting and provides salary on accrual basis, tax shall notbe deducted u/s.192.
Irrespective of the method of accouting followed by employer tax deduction (tds) is to be made only on actual payment of salary
Tax deduction is warranted only at the time of actual payment of salary. If employer follows, mercantile system of accounting and provides salary on accrual basis, tax shall notbe deducted u/s.192.
Irrespective of the method of accouting followed by employer tax deduction (tds) is to be made only on actual payment of salary
18 March 2010
agree
18 March 2010
agree with anilji
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
