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Concessional TDS rate validity - Orgent

TDS / TCS 2071 views 2 replies

nageswararao

Mgr - Commercial

142 Points Posted on 04 January 2008

One of my client having IT concessional rate validity upto 31st Dec'07. Now the problem is the amount due for the month of Nov'07, we will pay it to him in the month of Jan'08. So, shall we deduct at concessional rate or General TDS rate - Pls orgent

B.V.K.Nageswara Rao

Ph: 0884 2388343

Mob: 099891 57666

Mail: nageswararao.bommakanti @ ril.com

Replies (2)

CA vikash Jain

CHARTERED ACCOUNTANT

300 Points Posted on 04 January 2008

you pay him with the cheque dt 31st dec as for compliance we have to check amount paid/credited. tax deposit should be made with 7th of jan, in this way you can use his concessional rate validity

nageswararao

Mgr - Commercial

142 Points Posted on 04 January 2008

Dear Sir, It is not possible in my case, we are under SAP environment, so pls tell me your view I paid it current date what is the TDS rate is it Concessional rate or General TDS rate, pls give me your contact no for further discussion.