at what rate tds should be dedcucted in case if it is a expense of last year and amt for this expense is remitted to foreign party in current year . whether rate of 20.60%apply or new rate of 25.75% apply.
2 Replies
CA Momin Owais Ahmed
(Audit Manager)
(154 Points)
Replied 25 June 2013
As the Expense relates to Last year then you are require to deduct TDS as per Last year rate,
Please confirm the Rate I Think it is 20%
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