TDS on contract payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 December 2009 I have received a labour contract bill dated 21/08/09 which is subject to tds u/s 194C and which is pertaining to period before 30-09-2009

At what rate tds should be deducted - 2.266% or 2% while making payment or accounting above expenses after 1-10-2009.

regards


T. Saravanakumar

05 December 2009 Rate applicable on the date of credit / payment which ever is earlier.

Date of bill / period of service is not relevant.



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