What if tds deducted @ 2% on individual u/s 94c

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Junaid (Querist)
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27 July 2013 Dear All,

I wanted to ask that, although basic rate of deduction of TDS u/s 94C on individual is 1% but what if I deduct TDS @ 2% on individual contractor u/s 94C.

Will this attract any penalty OR Fine?

Or There will be no problem ?

Will there be any questioning regarding, why i deduct 2% TDS instead of 1%?

Please Reply !

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 July 2013 Since deducted higher rate only. so there is no problem in the point of department

Only the party may ask you the question why the higher rate