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Tarun Lakhani   21 September 2021

Clarification regarding Short Deduction of TDS u/s 195

Deductor deducted TDS on Rent u/s 194I @ 10% assuming Payee is Resident. Now, deductor came to know about non resident status of payee, he was liable to deduct @ 30% plus surcharge. What remedies are available apart from rectification which involves heavy penalty u/s 271H % 234E.


Are there any options available for deductor? (like furnishing 26A which is only applicable to resident payee)


 1 Replies

Asha Kanta Sharma

Asha Kanta Sharma (Manager - Finance & Accounts)     28 September 2021

I can not see any option. We have to pay the TDS with applicable interest for short deduction of TDS


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