Excess deduction and deposit of TDS

Hi

From 14th may,2020 government has reduced the TDS rate of non salary .

On rent it was 10% TDS rate ,now the rate is reduced to 7.5% , but by mistake I have deducted 10% and deposited the same . Now my question - is government will issue any notice on me ?

Regards

Gupta

Replies (3)
Quick Summary
This discussion addresses a common query regarding excess TDS deduction and deposit. If you've mistakenly deducted and deposited a higher TDS rate than legally required (e.g., 10% instead of 7.5% on rent), rest assured. The government typically won't issue a notice in such cases. The deductee will receive credit for the full amount in their Income Tax Return, and since the excess amount has already been deposited, there's generally no issue.

No, there is no problem at all....it's ok..

You deducted...You deposited...and deductee will get credit of 10% in his/her ITR........ that's all right.
No issue for higher deduction if you already deposited that amount to government.

No notice will be issued by the government

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