Section 158: Time of deduction of tax

2[158.Time of deduction of tax.— A person required to deduct tax from an amount paid by the person shall deduct tax — (a) in the case of deduction under section 151, at the time the amount is 3[paid or] credited to the account of recipient 4[, whichever is earlier]; and (b) in other cases, at the time the amount is actually paid 5[;and] 6[“(c) amount actually paid shall have the meaning as may be prescribed.”;] Division IV General Provisions Relating to the Advance Payment of Tax or the Deduction of Tax at Source

Effective date: 2001-09-13

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