CONCESSIONAL RATE OF TAX
This query is : Resolved
19 April 2011
Hello Experts
Suppose a vendor has given a certificate for lower rate of tax valid upto March 2011. But the bill pertain to month of february 2011 and the same is accounted in April 2011. Now should we deduct normal rate of TDS or the lower rate of TDS?
Pls clarify. Awaiting.
Thanks very much.
Sumitha
Suppose a vendor has given a certificate for lower rate of tax valid upto March 2011. But the bill pertain to month of february 2011 and the same is accounted in April 2011. Now should we deduct normal rate of TDS or the lower rate of TDS?
Pls clarify. Awaiting.
Thanks very much.
Sumitha
19 April 2011
Preferably you should make a provision for the above bill on 31st March and deduct tax at a lower rate. If you cannot make provision for any reason then tax must be deducted at full rate in April.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
