deduction of TDS

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pooja (Querist)
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24 January 2011 hhhhhhhhhiiiiiiiiii...........
if a company, whose debtors deduct their TDS @ 15% instead of 10%. then is their any disadvantage for the company who is recieving the TDS due to higher rate of charging the TDS??????????
PLZ D REPLY AS FAST AS POSSIBLE......

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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24 January 2011 No problem , if deducted wrongly deducted , you may get refund or adjust with tax liability.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 January 2011 Just obtain The TDS certificate of the said amount and you can get the credit of same by filing your IT return. It will be adjusted against your tax liability and if excess you will get the excess amount as refund.
So no need to worry.

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