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TMI BlogTDS of Prior periodX X X X Extracts X X X X X X X X Extracts X X X X ..... TDS of Prior period X X X X Extracts X X X X X X X X Extracts X X X X ..... circular, TDS from transporter is nil from 01.10.2009. If the service rendered by transporter is prior to 01.10.2009 and submits the bill after 01.10.2009, is TDS Deductable ? - Please clarify. Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By DEV KUMAR KOTHARI: The Reply: See sub-sections (1) and (6) and (7) of section 194C as substituted w.e.f. 01.10.2009. The date of credit or payment which ever is earlier is relevant for TDS. Date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of submission of bill is not relevant, in case you have provided liability or paid some advance earlier. In case a/c of party is credited on or after 01.10.09, new provision will apply. In case any p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ayment ws made or partys a/c was credited before 01.10.09, then the old rate will apply. Before not doing deduction, you must obtain valid PAN of party and file details / form to the concerned author ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity in a form which is yet to be prescribed. Reply By Surender Gupta: The Reply: The views of Mr. Kothari are laudable. All depend on the date the amount is credited in the books of account or the da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te on which the payment is made. X X X X Extracts X X X X X X X X Extracts X X X X
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