TDS new rule 25% reduction
This query is : Resolved
25 May 2020
Hi All
My question is now from 13.5.2020 government has reduced TDS 25% on non-salaries for example : on Rent 10% TDS was there 200000x10%=20000/- now 25% reduction means 7.5% TDS is applicable so for new TDS deduction is 200000x7.5%=15000/- on rent. Please clarify.
Thanks & Regards.
Amruth Kumar
My question is now from 13.5.2020 government has reduced TDS 25% on non-salaries for example : on Rent 10% TDS was there 200000x10%=20000/- now 25% reduction means 7.5% TDS is applicable so for new TDS deduction is 200000x7.5%=15000/- on rent. Please clarify.
Thanks & Regards.
Amruth Kumar
25 May 2020
Yes now 25% reduction means 7.5% TDS is applicable so for new TDS deduction is 200000x7.5%=15000/- on rent.
27 May 2020
Ok Sir Thanks very much, TDS on contract for companies 2-0.25=1.75% and TDS professionals 10-2.5=7.5% and so on for all TDS. This upto 31st March 2021.
27 May 2020
Welcome..................
03 June 2020
Dear Sir,
If new rule on TDS starts from 13.5.2020, if we get a invoice on 2nd May 2020 then which TDS rule is applicable. New TDS rule or Old TDS rule applicable.
Thanking you
Amruth Kumar
If new rule on TDS starts from 13.5.2020, if we get a invoice on 2nd May 2020 then which TDS rule is applicable. New TDS rule or Old TDS rule applicable.
Thanking you
Amruth Kumar
03 June 2020
New TDS rule applicable if payment is made after 13th May.
04 June 2020
You are welcome........
09 June 2020
Dear Sir,
TDS Payments due dates extended for the financial year 2020-2021. Due to Lockdown.
Thanking you
Amruth Kumar
TDS Payments due dates extended for the financial year 2020-2021. Due to Lockdown.
Thanking you
Amruth Kumar
21 June 2020
Due date of payment of TDS has NOT been extended.
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