One of the vendor of my organisation who is an individual and his service was subjected to 194C and TDS was supposed to be deducted @ 1%. But it was wrongly deducted @ 2%. What shall we do now? Shall we adjust the excess TDS deduction with subsequent month's TDS deduction?
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Higher rate of TDS wrongly deducted
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You can do correction on traces and bal. amount can be adjusted in subsequent month
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