TDS wrongly deducted under Nature of Payment

Dear sir

As u have wrongly deducted the amount in the current year, the rate of deduction u have applied must be differ from the rates of should have been applied over there. Also the short deduction would result as proportionate disallowance of amount of expenditure as per the 40a(ia) of IT act 1961.

The remedy in such situation will be to deduct the remaining amount before the end of last day of the previous year and the payment of such deducted TDS can be made upto the due date of filling of return (as amended by the Finance act 2010) for the Ay 11-12.

For further clarification, please revert

Regards

Sandeep Thakur