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This query is : Resolved
18 May 2020
Dear Expert,
Please advise we have cold storage bill for april month,storage we have to deduct 1 % tds as per the IT Act
but recently Finance minister change the slab rate due to COVID 19.
Kindly advise which we has to follow for april month bill date ?
Please advise we have cold storage bill for april month,storage we have to deduct 1 % tds as per the IT Act
but recently Finance minister change the slab rate due to COVID 19.
Kindly advise which we has to follow for april month bill date ?
18 May 2020
If you are going to pay it now deduct 0.75% TDS.
18 May 2020
if you have not booked the Bill prior to 14.5.2020 and not paid to party also
then you can deduct as per new rate prescribed by govt.
then you can deduct as per new rate prescribed by govt.
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