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Effective date of TDS rate

TDS / TCS 425 views 2 replies

The Budget 2024 introduces significant updates to TDS (Tax Deducted at Source) provisions, effective October 1, 2024

when to apply new tds rate eg  inoice raised on sep 20, 2024 but payment made  on oct 02,2024

which tds rate apply , new rate 2% or old 5% one? 

Replies (2)

TDS rate applicable as on date of invoice.

As per the above question, TDS applicable as per invoice date.


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