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
CAclubindia
