TDS rate on March bill in April

We have received a transporter bill for the month of March'21
( dated 25.3.2021 ) in April (5.4.2021), what rate of TDS will be deduct 1.5% or 2% ?
Replies (4)
Quick Summary
This discussion clarifies the applicable TDS rate for a transporter's March bill received in April. Generally, TDS is deducted based on the date of booking or payment, whichever is earlier. For expenses booked in March, 1.5% TDS would apply. However, if the bill is received and booked in April, the rate would be 2%. It's also noted that reduced TDS rates were in effect from May 2020 to March 2021.

Since you will be booking such expenses during March itself, 1.5% TDS would be applicable.
1% and 2% will be reduced to 0.75% and 1.50% respectively during the period starting from 14th May, 2020 to 31st March, 2021.
Since you have received the bill in April , and in case if you booking it in April then rate will 2 percent as TDS to be deducted on date of entry or payment which ever is earlier
TDS RATE IS 1.5%in you case

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details