Tax is deducted at lesser rate i.e 5% was deducted instead of 10%, what is the treatment for such lesser rate of deduction.
2 Replies
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 17 September 2008
an interest at 1% for the month or part of a month shall be imposable on that part of tds not deducted...............
Recent Topics
- Omr wrongly shaded
- RCM applicability if received from registered deal
- Gst- bill to ship to
- TDS and GST ITC on Membership fees to club
- ITC on Canteen Services by Outsiders
- STPI/Non-STPI registration
- 6 DIGIT HSN CODE QUERY
- TDS on Telephone charges and Internet charges
- CGT on Policies purchased in LIC International whe
- RCM Rate on GTA Services
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
