Latest TDS rate applicable for Accounted Date or Bill Date.
Example : Bill Date is 29th Sep 2009. but we have Accounted on 02ed Oct 2009. so in this case with rate of TDS applicable for this. pls U can give solution for me.
7 Replies
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 13 October 2009
New rate of tds applicable on all credit / payment from 1.10.09
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 13 October 2009
If you book the expenses or payment made against expenses on or before 30.09 old rate
if you book expenses or payment made on 1.10.09 or later new rates.
New rate of tds applicable on all credit / payment from 1.10.09
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 13 October 2009
New Rates will be applicable from 01.10.2009.
regards,
ratan
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 20 October 2009
Mr Kartik
firtstly we have to look the matter. if we booked it before 1st of oct the rate of tds is previous applied we have to taken but exp is booked after 1st of oct then the new rates of tds should be applicable.
Thanks.
from Bablu Kr. Jha
Hanif Juneja
(SR. MANAGER ACCOUNTS AND FINANCE)
(77 Points)
Replied 26 October 2009
freinds i have some query of effetive tds rate
If bill date is 29th sept and bill booked in 2-10-09 - which tds rate is applicable
if bill is for sept-09 months service and date on bills is 1-10-09 and booked in 1-10-09 which rate is applicable.
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 27 October 2009
dear hanif,
if u booked ur exp in before oct then the tds rate is old rate and if u booked exp after sep or 1st of oct then the tds rate is new rate aplicable.
dear in tds case we have taken rate on the basis of bill date or payment date.
tnx, Bablu Kr. Jha
Ganapati
(Article Assistant)
(81 Points)
Replied 31 October 2009
My answer to Mr. Karthik.
TDS to be deducted for salary at the time paying only. in other cases..at the time of crediting/Payment which ever is earlier..should be deducted.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
