Exemption
This query is : Resolved
24 March 2009
Dear All,
Please let me know what is the process , if some person dont allow company to deduct TDS as they say that their income is less then the ememption Limit.
What should company do? And also what document is required to submit in the company by the person ?
Please let me know what is the process , if some person dont allow company to deduct TDS as they say that their income is less then the ememption Limit.
What should company do? And also what document is required to submit in the company by the person ?
24 March 2009
The concerned person has to file an application in Form 13 to the jurisdictional ITO and to get a certificate . This certificate is to be given to the deductor company. The deductor can act as prescribed in the said certificate(either no deduction or deduction at a lower rate).
24 March 2009
you need to obtain form 15G/15H from such person...
if u get this forms than u need not deduct tds or deduct at lower rate as specified in the form
if u get this forms than u need not deduct tds or deduct at lower rate as specified in the form
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Company Incorporation - CA and directors signing from different states
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Return material
- TDS is applicable on payment of Fix Meal
- Form ITC 04
- TDR receipts for agreement holder
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
