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Higher rate of TDS wrongly deducted

TDS 314 views 1 replies

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?

Replies (1)
You can do correction on traces and bal. amount can be adjusted in subsequent month


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