TDS

This query is : Resolved 

19 June 2010 What is the effect of deducting TDS at lower rate than the actual? Instance : TDS was deducted @2% for professional charges.

19 June 2010 The difference of TDS you may be pay as penalty from your pocket and same is qualifed in your Tax audit report

19 June 2010 1. you have pay interest & penalty
2. Dept may come for survey.
3. If you case is tax audit then expenditure may be disallowed.




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