Tds lower rate

This query is : Resolved

Nitin Katariya (Querist)
Follow

21 December 2011 I HAVE FILED Q1 TDS RETURN.IN THIS RETURN ONE PARTY HAS DEDUCTED TDS 1% INSTEAD OF 2%.

BUT AFTER KNOWING THIS, PARTY HAS DEDUCTED FURTHER 1% TDS ON ABOVE SAID AMT NOW.(IN DEC)

NOW HOW CAN I SOLVE THIS PROBLEM.???????
PLEASE HELP ME...
THANKS....

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

21 December 2011 You need to revise your TDS return of 1st Quarter.

Nitin Katariya

Nitin Katariya (Querist)
Follow

21 December 2011 WITH OUT REVISED CAN WE SOLVED THIS PROBLEMS?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

21 December 2011 No you can not, since you had shown deduction of 1% instead of 2% in your Q1 return. If you do not revise the return you will receive a demand for that 1% amount along with interest.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok