Tds short deducted

FActs of the case

Payment to Contractor(Company) 1000000/-

TDS deducted @ 1% 10000 instead of 2%which is 20000/-

What is disallowance under IT Act

Please give any decision if any

 

Replies (1)

Hi

Vikas

You disallow in this year. Then you pay balance amount of TDS ,file TDS retrun again & then allow in next year.

 

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