TDS amendments
This query is : Resolved
ekta gupta
(Querist)
15 January 2010
A person has taken services of a transporter before 1.10.2009(the date of enforcement of new TDS rates) nd has made d payment after 1.10.2009.
Now , shall he follow the provisions of BEFORE 1.10.2009 or AFTER 1.10.2009
???????
Now , shall he follow the provisions of BEFORE 1.10.2009 or AFTER 1.10.2009
???????
15 January 2010
The rate prevailing on the date of booking the expenses has to be followed.
ARUN KUMAR V
(Expert)
15 January 2010
Agree with sir.
TDS rate should be the rate in force at the date of crdit/payment which is earlier.
TDS rate should be the rate in force at the date of crdit/payment which is earlier.
Aditya Maheshwari
(Expert)
15 January 2010
Agreed
16 January 2010
The liability to pay TDS arises at the time of payment or credit which ever is earlier.
The time given (7th of the following month) is only for remittance to the department.
The time given (7th of the following month) is only for remittance to the department.
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