We are pvt lt co. We have deducted tds on commission at lower rate i.e.1% because seller has given us lower deduction certificate. So in TDS return I mentioned certificate number for 2nd & 3rd quarter of F.Y.2013-14. I also gor form 16 for this transaction without any error. Now I have received TDS default notice for the said commission and they are asking me to pay remaining 9% commission. what should I do now? default is come as Rs.10 lacs.
| Originally posted by : 123456 | ||
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We are pvt lt co. We have deducted tds on commission at lower rate i.e.1% because seller has given us lower deduction certificate. So in TDS return I mentioned certificate number for 2nd & 3rd quarter of F.Y.2013-14. I also gor form 16 for this transaction without any error. Now I have received TDS default notice for the said commission and they are asking me to pay remaining 9% commission. what should I do now? default is come as Rs.10 lacs. I had contact TDSCPC help line number they said that this issue will get solwed at backend I does not have to anything in it |
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Pl mention "A - In case of lower deduction/no deduction on account of certificate under section 197" in reason for lower deduction column. Also mention lower deduction certificate number issued by AO.
download the correction statement and check whether the certificate number provided by you is correct and also check if A is written in the coloumn of lower deduction in all the entries, if your certificate number is correct then you need not to deducted remaining 9% of TDS
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