As announced by Honble Finance Minister, the TDS rate has been change by 25% on various sections like 194 C and 194J. Please confirm whether the deduction is applicable with respect of Invoice date or Payment date. Some clients have booked Invoice before 14.05.2020 and when payment is given after 14.05.2020 are still deducting 2% (194C).
Please help to get a clarity. Thank you in advance.
CAclubindia
