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        Case ID :
        Income Tax

        Applicability of ICDS on TDS

        4 October, 2017

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        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.

         

        ICDS exclusion from TDS timing: TDS deduction timing and taxable expenditure follow book credit or payment date. ICDS does not affect TDS mechanics: the time for TDS (date of credit in books or date of payment) and the expenditure amount subject to deduction are determined by the books of account or payment date, not by ICDS computation of allowable expenditure.
                        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.

                              ICDS exclusion from TDS timing: TDS deduction timing and taxable expenditure follow book credit or payment date.

                              ICDS does not affect TDS mechanics: the time for TDS (date of credit in books or date of payment) and the expenditure amount subject to deduction are determined by the books of account or payment date, not by ICDS computation of allowable expenditure.


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