10 October 2009
Payment of Sep.09 of contractor made in 10 Oct.09 then wat rate of TDS applied whether 2.06 or 1%. assuming all contractor have PAN No.?
Same case In Case of Consultancy Charrges of Sep Paid in Oct. Then Rate will 10.3% or 10% u/s 194J?
As per IT act 1962, TDS should be deducted on the dateof booking such expenses or paid advance for such expenses whichever earlier and the rules applicable on the date will be aapplicable to dedct tax at source so go throuth the rules as on the date of booking expenses or advance for such expenses and deduct TDS as applicable on that date.
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