Inappropriate TDS deducted by previous organisation
This query is : Resolved
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Mahesh Jadhav
(Querist)
27 September 2023
Hello,
If inappropriate TDS is deducted by previous company, is new company's liablity to higher TDS for deduction of appropriate annual TDS deduction ?
If inappropriate TDS is deducted by previous company, is new company's liablity to higher TDS for deduction of appropriate annual TDS deduction ?
CA R SEETHARAMAN
(Expert)
28 September 2023
Yes, new company has to deduct TDS rightly considering the lapse of previous company.
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Mahesh Jadhav
(Querist)
29 September 2023
One more thing, in this case will previous company get a notice from IT dept for deducting lower even after new company has deducted appropriate TDS ?
CA R SEETHARAMAN
(Expert)
29 September 2023
No notice as second company made it right.
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