Tds

This query is : Resolved

CA Aishwarya Joshi (Querist)
Follow

15 April 2014 Mr. x is tax deductor & he has received a short deduction certificate to deduct @ 1% u/s 194j instead of 10%, still Mr. X received notice from IT department regarding lower deduction.. What steps should he take to tackle this? should he file revised return & send lower deduction certificate or what???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

15 April 2014 I think while filing the TDS return the lower deduction flag was not selected as a result the lower deduction default has been generated. Now revised return needs to be filed and lower deduction flag to be selected for the said transaction.

Rupesh Jain

Rupesh Jain (Expert)
Follow

16 April 2014 lower tax deduction by deductor on the basis of some document . pls check the document. otherwise it may possible that due to clerical mistake when filing the return tds amount wrongly enter, pls check that.

otherwise you have to deposit the tax. and revise the return.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajasekar

Jayanti Visani

JACOB ABRAHAM KURIALANICKAL

Sneh Choraria

AJAY Kumar Agrawal

Subscribe Now

Tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA