194 I- Change in rent rates with retospective effect

PROVISION OF TDS ARE ATTRACTED AT THE TIME OF EARLIST OF THE FOLLOWING EVENT:-

1) AT THE TIME OF CREDIT

                     OR

2) AT THE TIME OF PAYMENT

HENCE, THE RATE APPLICABLE AS ON THE DATE OF OCCURING OF EVENT WILL APPLY..

 thanks

Originally posted by : abishek
	thanks

hi

the education cess will not be levied and only  basic rate i.e.15% for april-Sept is applicable & new rate 10 % from oct. will be applicable.