Tds at lower rate u/s 197

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Anuj Tiwari (Querist)

30 April 2015 one has submitted the certificate for deduction of TDS at lower rate with validity 15 dec 14 to 31 march 15 to us and he has given a invoice dated 01 dec 14 and we had paid this amount on 31 dec 14.
My query is whether we should deduct TDS at actual rate or the lower date???
Since Invoice date didn't fall under the certificate date we have deducted TDS on actual rate, Is our procedure correct ??
Please reply with legal evidence.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

01 May 2015 Invoice date is not relevant it is the date of deduction is relevant. Hence lower deduction is eligible in the case.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

01 May 2015 Lower rate deduction in this case

Rupesh Jain

Rupesh Jain (Expert)

01 May 2015 you can check the name and amount for your firm and company if match you can take lower rate. but period is not match with invoice and certificate so not deduct lower rate.

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