Lower rate tds deduction
This query is : Resolved
22 February 2014
Dear Experts,
I Want to know that how and where show to lower rate TDS deduction in the quartrly TDS Return
I Want to know that how and where show to lower rate TDS deduction in the quartrly TDS Return
22 February 2014
for lower/NIL TDS rate, you need to use the Flag Column:
Flag A: Lower / No deduction for certificate u/s. 197
B: No deduction for declaration u/s. 197A
C: Higher deduction where PAN is not available
T: No deduction for Transporters having PAN (sec. 194C(6) )
X: Lower TCS for certificate u/s. 206C(9)
Y: No deduction due to payment below threshold limit.
Flag A: Lower / No deduction for certificate u/s. 197
B: No deduction for declaration u/s. 197A
C: Higher deduction where PAN is not available
T: No deduction for Transporters having PAN (sec. 194C(6) )
X: Lower TCS for certificate u/s. 206C(9)
Y: No deduction due to payment below threshold limit.
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22 February 2014
Thank You Very Much sir
One of our contractor has submited a cerficate of lower rate 0.50 % instead of 2 % then whats flag applied for this A or B
One of our contractor has submited a cerficate of lower rate 0.50 % instead of 2 % then whats flag applied for this A or B
22 February 2014
you need to use Flag A
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