If suppose we wrongly deduct the TDS on professional fees
then what to do?
- 2 Answers
- 9109 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / tarun
if professional Fees Exceed more than 20000/- of
partly/lupsum payment.then liable to be deducted for TDS,but
as per your question you are wrongly deducted tds
then,,check total amount paid to professional fees and which
amount deducted by you. if tds amount less than from
deductable amount then you can deducted tds next paybale
amount.if you are already deducted more than actual TDS
amount then no issue.it is safe point of you.it is refund
taken by professional then submit return. professional fees
rate(10%.if future you can't contact professinal then you
can demand short TDS amount and it will be refundable by
income tax department when he/she submit return
| Is This Answer Correct ? | 9 Yes | 1 No |
How to reimburse TDS(Tax Deducted at Source)? I am getting monthly stipend of RS11,500. But still my employer deducting 1300 pm as TDS. They said they will issue form 16A to reimbruss. Please tell me the procedure to get my money back.
Is Accounts Payable and Vendor Payable are same ? If yes or no, why ?
what is tds ?
If a contractor received the service tax amount from client and he also purchase the machinary which is used in construction, than can he adjusted of service tax amount to excise duty amount of machinary?
is any benefit we can avail in income tax in respect of deducted Fringe benefit tax. please explain in detail.
Can we debit cess & H.cess From Basic Excise Duty
what is the last date of TDS retur filling
what is the last date for payment of tds for the month of March - for the last three assessment years?
Please explain how to pass entry for VAT setoff and Service Tax Credit?
What should be the TDS Deduction for technical consultancy received from Malta to an Indian Company
about E-1 Form ?
How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax
Audit 
