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Excess deduction of tds

This query is : Resolved 

08 May 2014 In case of Payment made to Individual for Contract, as specified u/s 194C TDS should be deducted @ 1%.

Query: Our client deducting TDS @2%, payment made to its individual contractor on regular basis.

As an Internal Auditor, we are raising query for the same, client says that we are safe in side.

pls suggest us with the reference any provision for the same

08 May 2014 U must inform about this to the Management of the Company.

08 May 2014 Sir, we already informed to the management. They replied, we are in safe side and deductee may claim refund form Income Tax department.

Now we want to inform to management with relevant Provision for the same.

thankyou !


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