rate of tax to be deducted

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2010 I paid rent from April09 to Mar 10 with out deducting TDS. But in March i have deducted the TDS at the rate of 10% for the whole year.But the rate for Apr09 to Oct09 is different.
Please tell me the rate i have to deduct on march2010

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 October 2010 TDS can be deducted the actual TDS rate in which the month rent is related. so go as per actual rates for (April-09 to Sep-09) & (Oct-09 to Mar-10)

Querist : Anonymous

Querist : Anonymous (Querist)

21 October 2010 but i have deducted at the rate applicable as on 31st march 2010 at 10% and earlier it was more can u brief me what are the consequeses and tell me whether that expense will be disallowed as per IT act

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 October 2010 Due to short deduction of TDS the expenses will not be disallowed, it may be reported in the audit report and the department can levy the penalty of short deduction

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