Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
TMI Short Notes
Home TMI Short Notes Income Tax This
← Previous Next →

Applicability of ICDS on TDS

  • Contents
  • Plus+

Dated: 4-10-2017

Manual - Introduction - Income computation and disclosure standards (ICDS)

In the technical guide of ICDS issued by the ICAI, it is suggested that:

ICDS would not apply for determining the time of credit of income for deduction of tax at source. This would continue to be governed by the date of credit in the books of account, or date of payment. The amount of expenditure on which tax has to be deducted will be determined by the entry in the books of account, and not by the computation or quantum of allowable expenditure under ICDS.



← Previous Next →
Discussion Forum
what is new what is new

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.