Tds @ 20%

Dear All

We received a Demand Notice from IT Office claiming short deduction of amount under 194c

We have deducted 1 % under 194C for payment made to an Individual Contractor. Hope what we have deducted is right.

We have submitted the return with his PAN No too. But we dont know the reason y the IT people are claiming 20% tds

waiting for ur replies

Replies (7)

Hi Ajay,

Please check whether the PAN provided is Valid or Not. 

Try to get the PAN card copy from the person for whom you have deducted TDS.

Regards

Nitin Jain

Please attach scanned copy of IT Demand notice for further clarification... Your just few words can express full problem of your question...

Originally posted by : Nitin Jain

Hi Ajay,

Please check whether the PAN provided is Valid or Not. 

Try to get the PAN card copy from the person for whom you have deducted TDS.

Regards

Nitin Jain

agreed                                             

hi Ajay the Sec quoted might have gone wrong ie for example instead of 194C they ( Kary etc) might have entered it as 194 J .So resulted in lower deduction. Please check ur return flied for TDS

There is changes in rates and filing procedure of tds return pls see it incometaxindiagov.in  site and go to tds portal u wl surely get updated.

TDS @ 20% deducted only at they have no PAN number. It means there may be mistake in PAN Number. Kindly arrange and same reconcile. if it is ok then submit to the department.

WITHOUT PAN DEDUCT TDS 20%              THAT AMT. CAN I APPLY REFUND ?

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