Form 13 for lower tds deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2013 Hi,

Our company has booked loss for last FY 2011-12, for FY 2012-13 also booked loss,
But still audit is not closed,
Whehter we can apply Form 13 under sections 197 of income tax act.

Whether the company is eligible to apply for TDS lower deduction

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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11 June 2013 If there is no profit then you can file the said form for lower or NIL deduction. The application is to be made to the ITO TDS having jurisdiction over the case.