lower tds rate approved by income tax for financial year 19-20
if vendor issue bill for financial year 18-19 but payment is done in 19-20 then we apply lower tds at the time of payment or not
No.
5 Replies
RAJ MISHRA
(ACCOUNTANT)
(50 Points)
Replied 05 June 2019
you have any guidelines or section for supporting
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183878 Points)
Replied 05 June 2019
Bill issued in 2018-19, for services rendered in that year (income assess-able in the same year), not eligible for lower tds rate; as the lower rate of TDS is applicable for FY 2019-20. (issued by ITO based on income data based on FY 2019-20).
RAJ MISHRA
(ACCOUNTANT)
(50 Points)
Replied 05 June 2019
Dear sir
Tds is based on payment or credit which ever is earlier and in that case payment is done 19/20
Tds is based on payment or credit which ever is earlier and in that case payment is done 19/20
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183878 Points)
Replied 05 June 2019
| Originally posted by : RAJ MISHRA | ||
 |
Dear sirTds is based on payment or credit which ever is earlier and in that case payment is done 19/20 |  |
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