TDS Exemption

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varun gupta (Querist)
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27 April 2008 TDS exemption is given for full rate of TDS or it is given as abatement i.e deduction at lower rates than applicable rates?

Jitender

Jitender (Expert)
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27 April 2008 it depends upon the facts according to which I.T authorities grants the lower or nil rate exemption.

varun gupta

varun gupta (Querist)
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28 April 2008 Ok, if IT has granted Lower rate exemption say in May, then can an assessee apply once again in month of Nov or Dec for lowering the TDS rates more?

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CA. Vineet Grover

CA. Vineet Grover (Expert)
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29 April 2008 hi varun,

once granted, the exemption shall be valid for the period as mentioned in the certificate of exemption.

the rates cannot be subsequently changed once certificate has been awarded.

rgds/
vineet

varun gupta

varun gupta (Querist)
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30 April 2008 Thanks Vineet, But can u plz tell me that whether the rates can be further reduced on subsequent application after expiry of 1st certificate?

Jitender

Jitender (Expert)
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28 August 2008 in next year,it can be different.