Time of deducting TDS of some things is time of payment or making credit to the account of payee - whichever is earlier.
Payment to the account of payee will be done only after payment is made by payer. So anyway it is only going to be earlier to the two.
Is this interpretation correct?
Suppose your CA. has raised an invoice of Rs. 50,000 on your firm for professional service.
Invoice dated is 10.01.2020.
You pass the payable entry in your books of accounts on 10.01.2020. So, his account gets credited.
But you pay him on 25.02.2020.
TDS should be deducted at the time of credit/payment, whichever is earlier.
So, here, earlier is the credit entry. Hence, deduct TDS on 10.01.2020.
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