https://www.taxtmi.com/circulars?id=9226 The timing for withholding under section 194A is tied to payment or the credit of the income to the account of the payee. Posting interest to an "Interest Payable Account" or "Liability for Expense Account" under mercantile accounting does not amount to crediting the payee's account and therefore does not trigger the obligation to deduct tax at source until the interest is actually paid or credited to the payee. en-us Wed, 08 Nov 1978 00:00:00 +0530 Fri, 03 Jun 2011 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9226 The timing for withholding under section 194A is tied to payment or the credit of the income to the account of the payee. Posting interest to an "Interest Payable Account" or "Liability for Expense Account" under mercantile accounting does not amount to crediting the payee's account and therefore does not trigger the obligation to deduct tax at source until the interest is actually paid or credited to the payee. Circulars Income Tax Wed, 08 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9226