TDS
This query is : Resolved
04 February 2010
Hello everyone,
I wanted to know whether there is any CBDT circular which states that TDS rates for bills/vouchers pertaining to period before 1st October,2009 old rates will be applicable. Assuming transporter bills for the month of April 2009 are received in November 2009, then which rate will be applicable. New TDS rate or old rate for April 2009.
I wanted to know whether there is any CBDT circular which states that TDS rates for bills/vouchers pertaining to period before 1st October,2009 old rates will be applicable. Assuming transporter bills for the month of April 2009 are received in November 2009, then which rate will be applicable. New TDS rate or old rate for April 2009.
Bimal Thacker
(Expert)
04 February 2010
No such idea about CBDT circuler.
However regarding your querry if you have paid to transporter or you will book bill of transporter before 1st October then old rate will be applicable otherwise new rate of TDS will be applicable.
However regarding your querry if you have paid to transporter or you will book bill of transporter before 1st October then old rate will be applicable otherwise new rate of TDS will be applicable.
05 February 2010
ok. in case of rent pertaining to period prior to 1st October 2009 say April or May 2009 but invoice for the same is received in December 2009 then which TDS rate will be applicable..
CA Prashant Gupta
(Expert)
07 February 2010
in rent case whether you paid or not. you are asking about April or May so I assumed after this months you paid rent for all months.
So if you have paid rent in April and May without finding bill then old rate applicable as you paid before 30-9-09. But if not paid not credited before 30-9-09 and booked or paid after 1-10-09 then new rate will be applicable.
But if you have paid say June or July bill then question will arise why you didn't pay April or May bill. But if no rent paid till Oct 09 then you can book or paid bill after 1 Oct and new rate will be applicable
So if you have paid rent in April and May without finding bill then old rate applicable as you paid before 30-9-09. But if not paid not credited before 30-9-09 and booked or paid after 1-10-09 then new rate will be applicable.
But if you have paid say June or July bill then question will arise why you didn't pay April or May bill. But if no rent paid till Oct 09 then you can book or paid bill after 1 Oct and new rate will be applicable
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