TDS DEDUCT ON GREATER AMOUNT

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2010 IF TDS DEDUCTOR DEDUCT TDS ON GREATER AMOUNT, WHAT OPTION ASSESEE HAVE?
EXAMPLE
ACTUAL WORK FOR RS. 20000/-

BUT DEDUCTOR DEDUCT TDS ON 200000/-

ASSESEE RECEIVED ONLY 20000/- AND HIS ACTUAL INCOME RS. 20000/-

BUT TDS DEDUCTOR ISSUE FORM 16A FOR RS. 200000/-

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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16 August 2010 ASK THE DEDUCTOR TO REVISE TDS RETURN.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 August 2010 You please tell the deductor to file revise TDS return as income against your name has been booked as Rs. 200,000/- insetad of Rs. 20,000/- and A. O. could add the difference in your income.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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16 August 2010 ASK THE DEDUCTOR TO REVISE TDS RETURN. IF THEY DONT WANT TO REVISE THE SAME.
NO NEED TO BOTHER ABOUT THAT . IF ASSESSEE ISSUED AN INVOICE OF RS 20000/- AND RECEIVED THE SAME . FOR ASSESSEE'S SAFE SITE IT IS BETTER TO TAKE THE CONFIRMATION FROM THE CLIENT FOR RS. 20000/-.
ONCE AGAIN I SAID IF ASSESSEE CAN PROOF HIS INCOME IS 20000/- WITH SUPPORTING DOCUMENTS (LIKE CONFIRMATION FROM PARTIES)THEN NO PROB.

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