tme s limted,bt drms r unlmtd (Mba ( fin.) Ca final Student) (257 Points)
01 February 2013pls tell if any person provide proffessional service to any company , and in return company deduct tds @ 1% under section94c instead of 94j, in that case when proffessional service provider will file his return he will face any problem or not, because he has to mention his category in itr4.i.e professional provider but his tds is deducted not for professional service but for contractor..
thnks & rgds
kk
CA. Ankit Bhansali
(---)
(120 Points)
Replied 02 February 2013
its not a serious issue. this is common between 194j nd 194c. many ppl provide professional service under contract..
u show urself as professional in ITR and take credit of TDS deducted by deductor.
and if still u have doubt than tell that person to revise his tds return pay additional amt with interest.
i wud still suggest u take credit of 1% and file ITR as professional
CAclubindia
