FActs of the case
Payment to Contractor(Company) 1000000/-
TDS deducted @ 1% 10000 instead of 2%which is 20000/-
What is disallowance under IT Act
Please give any decision if any
Vikas Aggarwal (CA ) (207 Points)
11 July 2012FActs of the case
Payment to Contractor(Company) 1000000/-
TDS deducted @ 1% 10000 instead of 2%which is 20000/-
What is disallowance under IT Act
Please give any decision if any
rajeev
(Accountant)
(159 Points)
Replied 14 July 2012
Hi
Vikas
You disallow in this year. Then you pay balance amount of TDS ,file TDS retrun again & then allow in next year.
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