If suppose we wrongly deduct the TDS on professional fees then what to do?

If suppose we wrongly deduct the TDS on professional fees
then what to do?

Question Posted / heranb

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If suppose we wrongly deduct the TDS on professional fees then what to do?..

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

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If suppose we wrongly deduct the TDS on professional fees then what to do?..

Answer / suresh

If you deduct the TDS wrongly, You may file the return and
Issue the TDS certificate accordingly..

Is This Answer Correct ?

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0 No

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