If suppose we wrongly deduct the TDS on professional fees
then what to do?
- 2 Answers
- 9105 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
Hello Sir, Please send the knowing calculation of attrition rate?
Is wct charged on firm or proprietors ?
My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
how to calculate vat, st, cst, excise duty, customs duty, tds.
on earth moving road work which type of tax is applicable?
how much tds deducate on hotel party arrange by company
how to filing rt-1
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
what to in pro
Define the term person?
the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.
we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us.
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
