Lower tds

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Rishabh Khanna (Querist)
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21 March 2013 If a company is going to have loss as per projected computation say of Rs 12,00,000/- then how is lower tds rate calculated and tds liability is around 1,15,000 plz reply urgently

CA. PIYUSH GOEL

CA. PIYUSH GOEL (Expert)
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21 March 2013 dear..

as per sec. 197.. is a person thinks that his total income would be nil. or in any other case he feels that TDS should be lower deducted..

then he can make an application to the respective ITO(TDS) to grant a certificate in this respect.

Rishabh Khanna

Rishabh Khanna (Querist)
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21 March 2013 SO SIR THE APPLICATION WOULD ASK THE AO TO GRANT 0 % TDS AS NO TAX WILL BE PAID CAN U PROOVIDE ME WITH INFO ON HOW TO COMPUTE THE PROCEDURE AT WHICH LOWER TDS IS CALCULATED

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