Excess deduction of tds
This query is : Resolved
25 February 2010
Can a person make tax deduction at source at the higher rate
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.
CMA Ramesh Krishnan
(Expert)
25 February 2010
Deduct as per rate specified by the section is always suggested
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