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.
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.
CAclubindia
