Instead of deducting TDS u/s 194J, deducted and paid u/s 194C. Should the company again deduct TDS at 10% for the whole amount or it can adjust which already deducted amt and can pay the balance amt?
Somaas Kandan (CA Final) (385 Points)
29 June 2011Instead of deducting TDS u/s 194J, deducted and paid u/s 194C. Should the company again deduct TDS at 10% for the whole amount or it can adjust which already deducted amt and can pay the balance amt?
CA.kaya
(Chartered accountant)
(3990 Points)
Replied 29 June 2011
can adjust already deducted amount. but interest on whole amount to be payable.(from due to deduct tax till the actual deduction).
Devendra
(Chartered Accountant)
(4775 Points)
Replied 29 June 2011
You can write a Letter to the concerned TDS officer stating the facts. Also attach the TDS challan along with the Letter.
Regards,
Devendra K
CA. MANAL CHAWLA
(CA + CS Professional)
(566 Points)
Replied 30 June 2011
please told the proper detail to your concern TDS officer and ask from him a proper solution regrding this problem.
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