excess deduction of tds
This query is : Resolved
26 February 2010
if a person deduct excess tax at source, is there any penalty on such person.
26 February 2010
to the best of my knowledge there is no such penalty section.
But practically some person (unknown to correct rate) deduct tds at higher rate, ther should be some provision to prevent such practice.
But practically some person (unknown to correct rate) deduct tds at higher rate, ther should be some provision to prevent such practice.
26 February 2010
If TDS deducted at a higher rate then no penalty leviable
26 February 2010
No penalty for excess deduction
02 March 2010
agreed No penalty for excess deduction
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