Hi Friends
Finance Bill is presented usually on Feb 28 of every year.
It gets passed by Parliament and becomes Finance Act usually by mid of May.
My question is
If say as per Finance Act 2012 the TDS rate on say commission is 10%.
But in Finance Bill 2013, the TDS rate is proposed to be increased to 15%.
Now the Finance Bill 2013 will become Finance Act in say by mid of May 2013.
During the month of April 2013, we will deduct TDS on commission at which rate 10% or 15%?
Remember, Finance Bill 2013 hasn't yet become Act in April.
Regards
Shivani
CAclubindia
