10 December 2012
i had filled the tds returns for A Y 2012-13, under section 194(I), the client hires the machinery so he deducted TDS at 2%, we filled the return but the income tax office send the notice of short deduction & said to deduct the TDS at 20%, we are already deducted the TDS & also issued the TDS certificate , now tell me what to do ?
11 December 2012
The notice is issued proposing 20% TDS means the PAN quoted is invalid. You need to get the correct pan from the vendor and file a correction statement with the tin facility centre and file the acknowledgement copy to your TDS officer seeking to pass a rectification order u/s 154 and get the demand nullified.