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TDS Rate on previous year expense booked in current year

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(Querist)
08 January 2009 Hi

Case:
A vendor whose invoice has not been booked in FY 2006-07 & FY 2007-08 in our books i.e. expense were not booked in our accounts

TDS rate in those periods for the vendor was 1% BASIS SEC 197 (Lower Rate).

TDS Rate in FY 2008-09 is 2% BASIS SEC 197 (Lower Rate).
.

Now, while booking the above expenses of previous years, what should be the rate of TDS??

Thanks
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
08 January 2009 Rate as applicable in the current year i.e. 2%.

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