retired person
74 Points
Joined August 2009
I noticed something new with my From 16B.
If the installment amount was 1,00,000/-. I file TDS as below:
Installment paid: 99,000
TDS % : 1
TDS amount: 1000
I even paid 1000. But not in 16B I see Rs990/- as the amount in tax deducted. Why is it taking 1% of the installment paid and not the amount I paid.
Appreciate your help in understanding what is wrong and how can I get it corrected.