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.
CAclubindia
