18 April 2009
We are prop concern we have deducted TDS of company and proprietorship concern both we with both we dinot across the limit of 10 Lac despite of that we have to deduct TDS 2.266 for company . Please reply me soon
18 April 2009
You have to deduct TDS on company @ 2.266% if the payment crossed Rs. 1Crore, otherwise the rate shall be 2.06%, even if it is more then Rs. 10 Lakhs. So, if you have deducted short TDS then deduct the remaining part and deposit the same, and revise the return if already has been filed.
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