Effective date of TDS rate

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CA final student
264 Points Posted on 23 August 2024

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? 

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On 23 August 2024 at 17:45 Report
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Quick Summary
Budget 2024 brings changes to TDS rates, effective from October 1, 2024. The key question is which TDS rate applies when an invoice is raised before the effective date but paid after. The consensus is that the TDS rate applicable is determined by the date the invoice was raised, not the date of payment.

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SEO Sai Gr. Hosp.
121526 Points Posted on 24 August 2024

TDS rate applicable as on date of invoice.

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On 24 August 2024 at 10:24
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"Do the Right Thing...!!!"
77792 Points Posted on 24 August 2024
As per the above question, TDS applicable as per invoice date.
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On 24 August 2024 at 20:51

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