How much expense will be disallowed if a person deduct the tax short i.e. instead of deducting 2%, he had deducted 1%?
Vineet Kumar Sharma (Article Assistant) 25 June 2010
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.
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