How much expense will be disallowed if a person deduct the tax short i.e. instead of deducting 2%, he had deducted 1%?
A V Vishal (Advocate) 28 June 2010
To the extent on pro-rata basis the expenses which are short deducted can be disallowed as expenses.
pratik (self working) 08 July 2010
I Fully Agree with vishal JI but also keep in mind it the I.T. Officer will also add interest for short deducted.