Short deduction
This query is : Resolved
08 November 2012
What is meant by short deduction and how it calculated by tds department
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 .....
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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