Tds

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Karthik (Querist)
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01 April 2016 Dear All, Suggest me a solution,
My frnd company received Notice from IT Dept stating that TDS is short deducted for 1% instead of 2% in the year 2011-12, Actually to be deducted is 2% now there is a short fall for 1% from the year 2011-12.
Can i deduct TDS in the current year for the amount?
If i deduct under what section i need to pay?
Do i need to deposit interest of 1% for delay deduction?
Can i prove that the person for whom the TDS to deducted have filed STI correctly, so i can escape the assessment?
Is there any other solution?
Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 April 2016 Yes if you prove through a certificate from a CA, that the person to whom the TDS to be deducted has paid the tax and filed the return you can escape from the notice of short deduction.

Karthik

Karthik (Querist)
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01 April 2016 So can i get his STI of 2011-12 and get it certified by a CA.

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