at what rate tds should be dedcucted in case if it is a expense of last year and amt for this expense is remitted to foreign party in current year . whether rate of 20.60%apply or new rate of 25.75% apply.
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Tds 195
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As the Expense relates to Last year then you are require to deduct TDS as per Last year rate,
Please confirm the Rate I Think it is 20%
YOU HAVE TO DEDUCT @ LAST YEAR'S RATE COZ ITS AN EXPENSES OF LAST YEAR ....
IF YOU WILL NOT DEDUCT IN LAST YEAR THEN SUCH EXPENSES WILL NOT ALLOWED TO DEDUCT.
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