No Notice for minor amounts of short deduction of TDS
This news is a great relief for thousands of tax deductors , who have been getting notice from ITO ( TDS) in respect of short deductions in TDS amounts.
The Board has decided that minor amounts of short deductions will be ignored. These cases are :
- A deductee having short deduction of less than Rs. 10 AND
- Where total short deduction for the return is less than Rs. 100
The relevant instruction is reproduced below :
INSTRUCTION NO. 8/2010 DATED 8-12-2010
https://www.lawweb.in/2013/06/no-notice-for-minor-amounts-of-short.html
