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Excess deduction of tds

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(Querist)
25 February 2010 Can a person make tax deduction at source at the higher rate
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Sohil Ganeriwala

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Sohil Ganeriwala (Expert)
25 February 2010 Yes, u can deducted TDS at a higher rate as their is no rule or provision against it. Provided u have a mutual agreement with the person on whose payment u deducting it.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 February 2010 Deduct as per rate specified by the section is always suggested
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