TDS on purchase of goods must be deducted at the time of credit to seller or at payment, whichever is earlier. The obligation to deduct tax in respect of sale or purchase of goods arises at the earlier of two events: the time the sum is credited to the seller's account or the time the sum is paid by any mode.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS on purchase of goods must be deducted at the time of credit to seller or at payment, whichever is earlier.
The obligation to deduct tax in respect of sale or purchase of goods arises at the earlier of two events: the time the sum is credited to the seller's account or the time the sum is paid by any mode.
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