TDS Deducted On Regular Rates

The notified rates will be from 14.05.2020.

Hi Mohanraj,

Yes. Govt has reduced the TDS rates from 14th May, 2020 to 31st March, 2021.

You can adjust the excess TDS against next transaction made to a particular deductee.

Also it is important to note that TDS rates has been reduced for payment made to resident, So 194LC is out of picture. Since it is payment made to non resident. So reduced TDS rates will not applicable for 194LC

Could you please share me new applicable rates

25% reduction
Say if it is 10% existing then 25% of it is 2.5 so the new rate is 10-2.5= 7.50

Hi, anyone can share me the offline utility tools for TDS quarterly Returns. mohanraj_vkj @ yahoo.co.in