tds rate reduction is applicable from 14/05/2020 to 31/03/2020
but is rate applicable for montly bills paid for march 2020 & april 2020
Example:
1. We are paying security charges to vendor for February & march 2020 & april 2020 now / after 14.05.2020
Which tds rate is applicable??
2% OR 1.50%
2. Example:
If charges are paid for cleaning services for may 2020 - fixed amount is paid
so i have deduct tds from 01/05/2020 to 13/05/2020 2% & 14/05/2020 to 31/05/2020 tds rate 1.50%
or
tds rate 1.50% on full amount
THANKS & REGARDS