Question ID : 530
TDS deducted on excess amount, what is the remedy available and the case law if any.
Mr.A has an agreement worth Rs. 100000 with Mr.X. But Mr. X says,he is gog to a Rs. 30000.00 and will be payg it only after 8 years, if he likes the work done. Thereby creatg a contgency. Mr. X pays Rs. 70.00 but deducts TDS on Rs. 100000.00. Can Mr. A file his urn showg Rs. 75,000.00 as his come as he is not certa to get the bance amount or will he have to suffer the consequence of TDS beg deducted on higher amt. and show Rs. 100000.00 as come '
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