FActs of the case
Payment to Contractor(Company) 1000000/-
TDS deducted @ 1% 10000 instead of 2%which is 20000/-
What is disallowance under IT Act
Please give any decision if any
1 Replies
rajeev
(Accountant)
(159 Points)
Replied 14 July 2012
Hi
Vikas
You disallow in this year. Then you pay balance amount of TDS ,file TDS retrun again & then allow in next year.
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