Low deduction of tds
This query is : Resolved
01 February 2019
Dear Sir,
I know that, there is provision in Income Tax Rule, u/s 197, a persons can avail the facility of Nil/Lower rate of TDS. But here by query is, Its is applicable to only Individuals/HUF or even Private Limited company can avail this provision.
Kindly suggest me. Since our company tax liability is less/nil, we our clients are deducting TDS @ 10%, Every year we are filing Tax returns and getting refund for the same.
Regards,
Varun Chandra
I know that, there is provision in Income Tax Rule, u/s 197, a persons can avail the facility of Nil/Lower rate of TDS. But here by query is, Its is applicable to only Individuals/HUF or even Private Limited company can avail this provision.
Kindly suggest me. Since our company tax liability is less/nil, we our clients are deducting TDS @ 10%, Every year we are filing Tax returns and getting refund for the same.
Regards,
Varun Chandra
02 February 2019
Applicable to Pvt Ltd company as well. Please see rule 28 ,37G and form 13.
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