Tax Advocate Pachamuthu
11 December 2012 at 20:52
can a tax return preparer act as an Income tax practioner
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Tds under section 194c-contract payments
One of my client wrongly deducted TDS as 1% instead of 2% for the FY 2012-2013 as my client is partnership firm 2% is correct. The contract party has filed the IT Return for the FY 2012-2013. Income Tax Department sent notice for short deduction for 1%. Please give me suggestion on my client point of view whether tds to be deducted and paid.
The contractor is not accepting to deduct TDS now as he is claiming that already he has paid Self Assessment Tax and filed the IT Return for AY 2013-2014.