TDS
This query is : Resolved
19 June 2010
What is the effect of deducting TDS at lower rate than the actual? Instance : TDS was deducted @2% for professional charges.
CMA Ramesh Krishnan
(Expert)
19 June 2010
The difference of TDS you may be pay as penalty from your pocket and same is qualifed in your Tax audit report
hshivakumar
(Expert)
19 June 2010
1. you have pay interest & penalty
2. Dept may come for survey.
3. If you case is tax audit then expenditure may be disallowed.
2. Dept may come for survey.
3. If you case is tax audit then expenditure may be disallowed.
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