27 January 2016
Good Morning sir/madam, In f.y.2014-15 for the first quarter, tds was deducted u/s 194c at the rate of 1%. but at the time of filling statement of 26Q, in hurry section 193 was selected which requires that tds should be deducted at the rate of 10%.. Now, department raised demand of difference amt. between 1% and 10% giving reason of short deduction and inteerest on short deduction.. what should i do now and how to solve this demand/querry..please help.
Likewise you can understand all about tds returns and etc,via following e-tutorials in tdscpc website,follow them, http://contents.tdscpc.gov.in/en/e-tutorial-deductor.html#
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