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short TDS Deduction
TDs rate 10% but by mistake deduct 2% after three month can I deduct remaining % & what is rate of interest .
Replies (1)
Kiran,
if it is possible to collect the TDS amount from the Vendor, you can do that, if not Leave the scenario as it is, file under 194C instead of 194J.
The Interest rate is 1.5% from date of Non-Payment of Tax on or before 7th of Consecutive month.
Thanks.
N. Rajendran
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