Tds deducted at higher rate

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2014 Hello sir,

There is a client and it's constitution is Proprietorship.
Sir it's a advertising agency and liable to pay tds @ 1% but some clients has deducted his TDS @2%.

Sir Want to simply ask whether Proprietor can ask from client for that amount which he has deducted @ 2% Instead 1%...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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01 March 2014 well if the amount has been deducted and deposited with the Central Government, the right approach should be to adjust the excess TDS against future billings.

Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2014 Thank you for your valuable reply

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