15 November 2014
Shortage between the TDS amount need to be calculated and to be paid as per rates specified in the section and the actual amount you have deposited for that section tds
Say you have deducted TDS @ 10% u/s 194A. But the PAN is not correct therefore system will calculate 20% TDS and you will receive notice for Short Deduction of remaining 10%.
Ex 2.
You deducted TDS @1% 194C whereas TDS should have been deducted @2% so there is a short deduction of 1%.
CAclubindia
