12 December 2014
Sir, We have paid two bills to the party on Apr, May 2010 for Rs.30052/- & Rs.144910/- and deducted TDS of 10.3% for the said amount. Now, we received a notice from IT Dept, in which they quoted that 20% to be deducted from the party. Is it corect ?
PLEASE HELP
12 December 2014
Please check whether PAN quoted by you is valid or not. If the PAN is bot valid then department will raise demand calculated @20%. So you nullify the demand by revising your return and quoting correct PAN
CAclubindia
