TDS ON CONTRACT PAYMENTS

This query is : Resolved

K BHEEMA REDDY (Querist)
Follow

02 June 2020 Dear sir,

As per Latest notification TDS Rates are reduced 25% and New Rates are applicable from 14.05.2020. Here my Doubt is..... In Invoice date is mentioned as 12.05.2020 But in our books GRN/SRN Recorded in 16.05.2020 (This composite service i.e material + service) and Invoice copy also Received as on 16.05.2020.
Here my doubt is at what rate TDS will be Deducted....? either TDS will be deducted as per old rate because invoice date mentioned as 12.05.2020 i.e before notification (OR) Tds will be deducted as per new rate because GRN/ SRN is on 16.05.2020 i.e after notification.

Thanks in advance
Regards,
Bheema Reddy.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

02 June 2020 Tds will be deducted as per new rate because GRN/ SRN is on 16.05.2020 i.e after notification and payment will be made after the date of notification.

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

Vishnu Agarwal

SHUBHANGI GOEL

Shivchandra Jakhotia

CA Lalit Kumar Agrawal

Subscribe Now

TDS ON CONTRACT PAYMENTS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA