TDS

If you have TDS exemption for Last Year and bill also for last year but booking happen in current year then what is the TDS Effect?

Questions by krish197

Showing Answers 1 - 3 of 3 Answers

siddbang

  • Jul 29th, 2010
 

While issuing the TDS exemption certificates generally Income Tax officer mention the Validity of the certificate. Normally it will be till the end of financial year. So, after that period it becomes stale. So, I suppose we should deduct the TDS at the prevailing rate at that time.

Let me know your opinion.

Regards,
Siddu

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.