19 March 2010
Assessee deducted Tax on professional charges paid at a lower rate. But it as per the request from the deductee. The deductee is paying advance tax regularly. Deductee filed his income tax return with refund clain as the TDS AND ADVANCE TAX paid by him was in excess of the tax due.
Now there is a demand on the assessee for the short deducted tax. Whether an appeal is preferred
19 March 2010
he should avail the certificate form party for such lower deduction. if assessee did so, than he can submit the reply of demand along with certificate against which tax dedcuted @ lower rate.
19 March 2010
if the assessee deducted TDS at lower rate on request from the deductee, then assessee is at default. He can not deduct TDS unless deductee submits to him a certifcate of lower deduction obtained u/s197
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