TDS rate for contract u/s194C for Individual and HUF is 1%.The assessee deduct TDS @ 1.03% for Q4 FY 2009-10. But dept issued notice to pay the short deduction for Q4. The report generated on the basis of efiling. what to do?
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Low tds deduction- notice from TDS ward
Replies (1)
Hello Sir,
This is only my view, think it well help you.
Department usually sends such notices on the basis of NSDL generated reports, which will scrutinise the status ( whether deductee is individual or not ) on the basis of 4th Digit of PAN (ie., APDPK5009F) P here indicates " Individual" if the PAN in data submitted in E filing shows any other status, the system will give such notice. So ensure that data submitted by you (PAN ) is of an individual/HUF and prepare a reply to the department.
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