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
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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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