Section 206AA

Suggestions for Group II IPCC. & PCC.

https://www.caclubindia.com/forum/suggestions-for-group-ii-ipcc-pcc-paper-7-informa-87331.asp ;

https://www.caclubindia.com/forum/suggestions-for-group-ii-ipcc-pcc-paper-6-auditing-87330.asp ;

https://www.caclubindia.com/forum/suggestions-for-group-ii-ipcc-pcc-paper-5-advanced-ac-87329.asp

They will Deduct the TDS @ 20%, because they will pay u after 01.04.2010 n will deduct TDS on the same so TDS rates will be which are applicable after 01.04.2010

195. ⁹⁸[(1) ⁹⁹Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest ¹[***] or any other sum chargeable under the provisions of this Act (not being income chargeable under the head “Salaries” ²[***]) shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force :"
 

I believe TDS should be deducted as per the date on which the service has been provided. 

If the contractors doesnt make me payment today and if he makes me payment after 10 years am i liable to pay TDS which is applicable after 10 years on TDS which is applicable on date of service provided.

In case i file my income tax late .... 5 years back it was 20% [suppose] today that income is not in tax slab ... i beleive if i file late also then also i will have to pay 10% ... i cant take exemption because as per today rate that amount is not in slab