27 May 2024
We have received default for short deduction of TDS in 24Q return. We have failed to deduct and pay 4% Education cess. Now I have two options
1. Pay the default 2. I have missed to deduct Rs. 50,000 standard deduction. So, can I file revised return by deducting standard deduction? By this, the total income comes less and the TDS+CESS is less than what we have deducted.
CAclubindia
