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Short provision made at bthe year end

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 March 2016 if short or excess provision made of expenses and accordingly TDS deducted my question is that any consecunces will be applicable for short or excess as per income tax act.
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Ankur Singhal

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Ankur Singhal (Expert)
04 March 2016 Dear
Excess deduction of TDs is not a default so need not worry

But short deduction is a a default.
Deduct the rest amount of TDs and deposit it with interest on late paymennt

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