Is it Mandatory to deduct TDS as per consessional TDS rates (i.e. 25% reduced TDS rate) or we can deduct at normal rates ?
(since reduced TDS may result in higher self assessment tax later)
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Consessional TDS rates FY 2020-21
Replies (2)
Quick Summary
Over compliance never restricted. U may deduct at higher rates according to me.
The deductee may not be OK with a higher deduction, as the intent is to provide additional cash in his hands
However, there is no restriction under the law... But evaluate it from case to case basis
However, there is no restriction under the law... But evaluate it from case to case basis
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