TDS BASE AMOUNT
This query is : Resolved
23 January 2023
One of our vendor has submitted lower deduction certificate for deduction of TDS w.e.f. 13.04.2022 to 31.03.2023. He has submitted the bill for April 22 to June 22 with Invoice Dt.04.07.2022 in Jan-2023 for which the payment to be released in January 2023. in this case, whether the TDS deducted to be with the Lower rate for the entire amount as the date of payment/credit to the Vendor account is Jan-2023 or old rate to be applied on the amount pertaining for the period form 01-12th April 2022 and lower rate on the rest of the amount.
23 January 2023
What is the amount of service provided from 01.04.022 to 12.04.22?
23 January 2023
Sir
the amount of Service provided from 01st to 12th April is Rs.14262/-. and 13th April to 30 June is Rs.54046/-
the amount of Service provided from 01st to 12th April is Rs.14262/-. and 13th April to 30 June is Rs.54046/-
23 January 2023
So, Deduct TDS under normal rate on Rs. 14262/-
& For rest at lower rate as certified by AO.
& For rest at lower rate as certified by AO.
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