Short deduction of tds u/s200a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2013
Sir
we have got notice for short deduction of tds u/s200A.One of our client(PR) have given us certificate for lower deduction Limit specified 200000/- but by mistake we have made payment 206000/- during the year to client for which we got notice for short deduction.
in above case can we revise the return & recover it from client or we just pay the amt & give reply to Income tax payment made ?
we have got notice for short deduction of tds u/s200A.One of our client(PR) have given us certificate for lower deduction Limit specified 200000/- but by mistake we have made payment 206000/- during the year to client for which we got notice for short deduction.
in above case can we revise the return & recover it from client or we just pay the amt & give reply to Income tax payment made ?
24 June 2013
In this case , right approach is to pay to the Income Tax Departmetn additonal amount and recover from the client.
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