While making provision of Interest payable, we have deducted TDS on Interest @ 20% instead of 10% and paid accordingly by mistake (PAN is available). In this regards any query will be raised by ITD?
1 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 08 March 2016
You should revise your return.
Neverthless, you paid in excess not short amount so in my opinion the deductee can raise an issue.
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