Tax is deducted at lesser rate i.e 5% was deducted instead of 10%, what is the treatment for such lesser rate of deduction.
Tax is deducted at lesser rate i.e 5% was deducted instead of 10%, what is the treatment for such lesser rate of deduction.
The expense will be disallowed...!!!!!
an interest at 1% for the month or part of a month shall be imposable on that part of tds not deducted...............
R P S K & Associates
Nashik
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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