PLZ HELP ME TO SOLVE THIS QUERY
WE HAVE DEDUCTED 1% TDS U/S 194C INSTEAD OF 2% FOR THE MONTH OF JUNE 18 AND ALSO WE HAVE PAID TDS FOR THE SAME. NOW WHAT TO DO AS 1% SHORT TDS WAS DEDUCTED???
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Short tds deducted
Replies (2)
DEDUCT 1% MORE
As per section 201 of the income Tax act you have to pay interest @ 1% or 1and 1/2% on balance TDS
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