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Short deduction

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(Querist)
08 November 2012 What is meant by short deduction and how it calculated by tds department
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CA SAYANTAN BASU

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CA SAYANTAN BASU (Expert)
08 November 2012 DEAR SIR ,

BY SHORT DEDUCTION WE MEAN INSTEAD OF DEDUCTING AT A PRESCRIBED PERCENTAGE YOU ARE DEDUCTING AT A LESSER PERCENTAGE ....

PENAL INTEREST U/S 201(1A) WILL BE CHARGED @18% PA. ON THE SHORTFALL OF TDS .....

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