Dear Sir,
Our Company was sale Immovable Property to Individual for Rs.1 Crore and paid TDS (194-IA) @ 1% Rs.1,00,000.
But demand was raised by IT Department TDS Rate @ 2%. We need to pay balance Rs.1 Lakh as per demand notice. How to their calculate @ 2% ?
Please help me to solve this problem.
Regards,
M.Sundaram
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