11 January 2008
in case od 94 j (tds-otherthan salary) Q-XYZ CO. ( GOVT. CO.) DED. A TDS AGAINST BILL AMOUNT (FROM PROFESSIONAL) IS 3500 NAD BILL DATED 01..06.07- THE PEC IS DED TDS ON THE RATES OF (5%+0%+3%) IN MY POINT OF VIEW IS WRONG DED OF TDS I FIND THE MISTAKE DATED 30.11.07
(1) Deposit the differential amount of short TDS and subequently issue debit note on the party for claim for amount of TDS so deposited. (2) File a revised return for the effected quarter
CAclubindia
