30 July 2015
In A.Y.2011-12 a company deducted tds under 194C from a contractor @1% . In current year A.O. Raised question for short deduction of tds of 1% being rate should be 2% . Now if we deduct the short amount of tds , that will be available to the contractor as deduction or not? Explain.
30 July 2015
Obtain a certificate from CA of contractor that he has filed the return and paid taxes due for AY 2011-12 reply to AO enclosing the certificate. No further deduction is required.
CAclubindia
