lower tds rate approved by income tax for financial year 19-20
if vendor issue bill for financial year 18-19 but payment is done in 19-20 then we apply lower tds at the time of payment or not
No.
Bill issued in 2018-19, for services rendered in that year (income assess-able in the same year), not eligible for lower tds rate; as the lower rate of TDS is applicable for FY 2019-20. (issued by ITO based on income data based on FY 2019-20).
| Originally posted by : RAJ MISHRA | ||
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Dear sirTds is based on payment or credit which ever is earlier and in that case payment is done 19/20 |  |
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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