New Amendment in TDS

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As per the new amendment for reduction of TDS what is the treatment for booking pending invoices raised before 14/05/2020 which is going to be booked after 14/05/20. is it applicable to deduct the old invoices in new TDS rates?.Kindly let me know .

Thanks in advance.

 

Replies (1)
If you book the invoice to the credit of the party before 14th May, old rate will apply.
If you credit the invoice to the party on or after payment date of 14th May, new rate will apply


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