22 January 2021
SIR We are GTA. My staff deducted tds of Rs.880/- wrongly on the sub-contract bill instead of deducting Rs.1560/-. and paid. Party account also closed. We do not know how to solve the problem. Is there any issue Sir? Guide me Plz thank in adv
22 January 2021
30% of the expenses will be disallowed during tax audit and in ITR. You can also make good the short deduction by remitting full amount.
CAclubindia
