Inappropriate TDS deducted by previous organisation

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Mahesh Jadhav (Querist)
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27 September 2023 Hello,

If inappropriate TDS is deducted by previous company, is new company's liablity to higher TDS for deduction of appropriate annual TDS deduction ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 September 2023 Yes, new company has to deduct TDS rightly considering the lapse of previous company.

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Mahesh Jadhav

Mahesh Jadhav (Querist)
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29 September 2023 One more thing, in this case will previous company get a notice from IT dept for deducting lower even after new company has deducted appropriate TDS ?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 September 2023 No notice as second company made it right.

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