One of the company has deducted TDS under the threshold limit specified under 194C.
Sum credited does not exceed 30,000 but still TDS was deducted @ 1%. What are the options for deduction under the specified provisions?
It's never a problem when you give the taxwallahs more tax than you should... they will never complain!
The actual TDS amount can't be too high anyway - less than Rs 300 - so ideally your supplier should be okay with it, and they can simply take the credit for the TDS. There's no real loss to anyone.
If they don't agree, you can revise the return and swap out this supplier for another one. It doesn't matter which section the new supplier falls under, just match the TDS and basic amounts. You can even split a payment / deduction.
If it seems to complicated for a small amount, pay the supplier the difference and write it off.
CAclubindia
