Hi,
In case of TDS u/s 195 by mistake i have deducted & paid tax @ 20.60% for Q1. Applicable TDS rate is 10% only. so now how this situation will be treated?
Shall i revise Q1 return? What should be done for the excess payment of TDS which is already paid? can i get the benefit of balance amount in Q2 if i revise the return?
CAclubindia
