hi
can anyone tell me whether tds on salry is deducted on payment basis or credit basis
pls refer the section and details as well
2 Replies
C.A. Sanjay Bhatia
(CA)
(496 Points)
Replied 12 August 2008
salary on payment basis as per section 194 of IT act 1961
Rohit
(Service)
(38 Points)
Replied 12 August 2008
TDS is to be made at the time of payment and not credit or accrual. Refer section 192.
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