Tds deducted at wrong rate
This query is : Resolved
Aman Sharma
(Querist)
30 May 2015
Dear Sir,
A client deducted TDS u/s 94C instead of 94I. What Penalties will be levied on the assessee? Section 221 or any other as well?
A client deducted TDS u/s 94C instead of 94I. What Penalties will be levied on the assessee? Section 221 or any other as well?
30 May 2015
Deductee will have to deposit short TDS deducted along with interest on short deduction of TDS @1% per month or part thereof.
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