Skip to Content
0
Former Member
Feb 01, 2011 at 07:55 AM

Solution regarding wrong TDS deduction @ 20% instead of 2%

526 Views

Dear All,

Please give me the solution of the following detail:

Cheque payment had been made to the vendor without having PAN with deducting TDS @ 20%.

Now the same vendor again came to the user with the PAN and asking the user to deduct TDS @ 2%, not @ 20% and refund the balance money. 20% deducted for TDS is not yet submitted by the Client to the bank.

Now what could be done so that 2% deduction certificate can generate instead of 20% deduction certificate and also the vendor gets his balance amount back.