28 November 2013
a company deducted tds @ 1 Percent on payment for which it has to deduct @ 2 percent. for ex comp A Deducted 1000 For 100000 Payment @ 1percent in f.y 2011-12 and filed return. as per advice it made payment for remainig 1 percent in f.y 2012-13 and filed corrected return by adding payment details in addition to original return. now we recd a notice stating short deduction it cosidered the payments double and levied tax payable. what to do now. please help.
CAclubindia
