LDC certificate
This query is : Resolved
30 September 2022
Dear Experts,
LDC is valid for Period 01/08/22 to 31/03/23
We will Consider Invoice Date or Expense date for calculation and deduction of TDS at lower rate.
e.g Expense pertain to Jun & July'22 but Invoice raised on 8th Aug'22 should I deduct on Lower rate or not ?
LDC is valid for Period 01/08/22 to 31/03/23
We will Consider Invoice Date or Expense date for calculation and deduction of TDS at lower rate.
e.g Expense pertain to Jun & July'22 but Invoice raised on 8th Aug'22 should I deduct on Lower rate or not ?
30 September 2022
Depends upon how you book the expenses. If debited earlier to the date specified, then lower rate will not be applicable, as the TDS would be deducted before the specified date.
07 October 2022
Not much Clear to me request you to explain in details please
07 October 2022
On what date you debited first expense in your books of account?
07 October 2022
LDC is valid for Period 01/08/22 to 31/03/23 We will Consider Invoice Date or Expense date for calculation and deduction of TDS at lower rate. e.g
Expense pertain to Jun & July'22 but Invoice raised on 8th Aug'22 should I deduct on Lower rate or not if I am booking expense in Oct'22 ?
Expense pertain to Jun & July'22 but Invoice raised on 8th Aug'22 should I deduct on Lower rate or not if I am booking expense in Oct'22 ?
07 October 2022
Earliest event on records is invoice date 8th August, so Lower rate applicable.
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