TDS Rate

This query is : Resolved 

16 May 2020 Dear Experts,

Contractor ( company) Bill raised in 1st March'2020, and we accounted the same in May'16 2020. How much TDS will attract 2 % or 1.5 % . Plz confirm

16 May 2020 1.50% TDS applicable if payment is made on or after 16th May.

16 May 2020 Since bill raised in March tds applicable 2% u/s 194C


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