deduction of TDS
This query is : Resolved
24 January 2011
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if a company, whose debtors deduct their TDS @ 15% instead of 10%. then is their any disadvantage for the company who is recieving the TDS due to higher rate of charging the TDS??????????
PLZ D REPLY AS FAST AS POSSIBLE......
if a company, whose debtors deduct their TDS @ 15% instead of 10%. then is their any disadvantage for the company who is recieving the TDS due to higher rate of charging the TDS??????????
PLZ D REPLY AS FAST AS POSSIBLE......
24 January 2011
No problem , if deducted wrongly deducted , you may get refund or adjust with tax liability.
24 January 2011
Just obtain The TDS certificate of the said amount and you can get the credit of same by filing your IT return. It will be adjusted against your tax liability and if excess you will get the excess amount as refund.
So no need to worry.
So no need to worry.
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