TAX DEDUCTION RATE-194C-2.266%

This query is : Resolved 

03 October 2010 WE HAVE DEDUCTED TDS U/S 194C @2.266%DEPOSITED WITHIN DUE DATES.
QUERY
DEPT CALCULATED TDS @2.27%&INSISTED SHORT DEDUCTION &RAISED PENALINTEREST.
IS THE ACTION OF DEPT OF ROUNDING OFF TDS IS CORRECT.

03 October 2010 the amount can be rounded off but not the rate u/s 288B

03 October 2021 Department's action is not justifiable.




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