Can deduct excess tds on 194 I
This query is : Resolved
15 December 2010
Can I deduct TDS in excess of the rate
prescibed u/s 194I i.e. 10%?
prescibed u/s 194I i.e. 10%?
15 December 2010
It depends upon the nature of payment for deducting tax at source , but in case tax should be deducted more than the prescribed rate .
Thanks
It depends upon the nature of payment for deducting tax at source , but in case tax should be deducted more than the prescribed rate .
Thanks
taxindiaconnect
(Expert)
15 December 2010
Yes you can on the request of your vendor / tenant , then you have to deposit the entire amount to Govt and also to issue certificate for the entire amount.
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