We have deducted TDS U/s.194J @10% of One person, we have filed Q3 Tds return and we received due to short deduction of Pan error , because the person not linked pan and aadhar
Now the same we have informed to party now he linked, my doubt is we have to pay short deduction of amount or previous amount adjust please kindly guide
31 January 2024
SInce during the specified period PAN was Inoperative Higher rate of TDS would be applicable, so you will have to pay the Balance Amount and accordingly file return and the Person will get the refund of TDS when he files the return
You need to collect the Extra TDS from customer or adjust in next payment
CAclubindia
