Tax deducted at source partly
e.g paid to contractor Rs.20 lakhs, Tax deducted @ 2.24% i.e. Rs.44,800/- instead Rs.44,880/- @ 2.244%. There is short deduction of Rs.80/-.
Deductor has paid Rs. 44,880/- to govt. on due date.
What will be disallowance u/s 40 ?
1) Whole amount of Rs. 20 Lakhs or
2) Proportionate amount to the extent of Short deduction of Rs.80/- i.e Rs.3,565/- or
3) any other
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