If a person deducts TDS at lesser rate how much amount shall be disallowed.
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TDS
Replies (2)
First of all. if possible, he has to deposit the balance amount with the govt along with 12% interest P.A. If he has made the payment to the party he can adjust in the susequent bills.
If not possible, then the amount on which TDS is not deducted will not be allowed under the income tax act.
When would TDS be deducted
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