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TDS-Lower deduction

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Sir, If we get Lower deduction certificate from vendor effected from 01/10/20. and then he submit the invoice on 05/10/20 for the month of July 220. 

now am accounting in our books on 05/10/20. in this case TDS Lower deduction rate is applicable or full rate applicable because of bill related to july 20 but accounted on 05/10/20. LDC is effected from 01/10/20. 

Replies (1)

Since invoice is issued on 5-10-20, benefit of lower deduction of TDS should be given to your vendor as TDS is to be deducted based on invoice date. 


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