TDS liability on payment of Interest
This query is : Resolved
Amit Saxena
(Querist)
14 June 2017
We calculate interest on per annum basis in books and make entry in books on year end,so liability of TDS deduction arises on quarterly basis or when we credit this entry in books,kindly explain
CMA Ramesh Krishnan
(Expert)
14 June 2017
TDS liability arises when the the credit of income to the payee or payment which ever is earlier. so your case liability will arise on annually.
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