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TDS query of vendor.


kumara swamy (accontant)     30 September 2020

kumara swamy
accontant 
 28 points

| My Other Post

Dear sir, I have query to TDS. I paid advance to contractor in FY 2019-20,TDS amount less 1%. vendor has given bill on August 2020. which TDS rate is applicable to vendor??
either 1% or 0.75%?

Please help me sir.

avater

CA ABHAY GUPTA (Practice)     30 September 2020

CA ABHAY GUPTA
Practice 
 235 likes  2607 points

View Profile | My Other Post

In case TDS deducted already in FY 2019-20 then no need to deduct tax now, in case there is difference in bill amount and advance amount then in that case tax need to be deducted at .75% on difference amount only.

2 Like
avater

kumara swamy (accontant)     30 September 2020

kumara swamy
accontant 
 28 points

View Profile | My Other Post

Thank you sir.


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