Wrong deduction of TDS

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Kkr Karan (Querist)
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01 May 2016 Dear Sir what heppens if TDs U/s 94c wrongly deducted and paid.

CA R SEETHARAMAN (Expert)
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01 May 2016 Adjust the excess payment in further remittance.

Kkr Karan (Querist)
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01 May 2016 OK. but weather any penalty will be imposed or not.

CA R SEETHARAMAN (Expert)
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02 May 2016 No penalty will be imposed.

Kkr Karan (Querist)
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02 May 2016 thank you sir

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