12 April 2008
during financialyear 06-07 TDS was calculatedu/s 194c@2.24 instead of 2.244 thus short deduction pointed out by audit.whether difference can be deposited at this moment.Arethere any penality? one party in above matter has been assesed by incometaxauthority and received refund, at this stagededuction of short TDS is logical? .
CAclubindia
