Poonawalla fincorp
Poonawalla fincorp

TDS

This query is : Resolved 
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(Querist)
16 December 2010 What is the consequences if we deduct TDS more than that of required percentage?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
16 December 2010 No Consequences in That Case.

Consequences Only When U Deduct Less Percentage or NIL.

Regards,
Ayush Agrawal
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
16 December 2010 Nothing to worry... in any case, the deductee will get the benefit of tax deducted by you.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
16 December 2010 More over, if its the case of same quarter, the excess TDS could be adjusted in future payments/credit within the same quarter.

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