Tds deducted at higher rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2013
If tds on machinery rent is deducted at 10% instead of 2% can it claim for refund?
Then what is the procedure for it..
I had mistakenly deduct at 10%..
Then what is the procedure for it..
I had mistakenly deduct at 10%..
VIVEK BARANWAL
(Expert)
03 May 2013
If by mistake you had deducted @10% but had not deposited than make adjustment entry in your books make balance payment to contractor
But If you had deposited the challan than file the return with 10% and give him tax credit via TDS certificate
But If you had deposited the challan than file the return with 10% and give him tax credit via TDS certificate
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