TDS deduction
This query is : Resolved
06 December 2008
Respected Sir,
I am currently getting my remuneration in the form of professional fees. My gross total income during the year is not taxable.
But i am getting the remuneration after deducting the TDS (@10.24%)
I Know that i can file the Income Tax Return seeking the refund of the TDS deducted.
But my query is that "is there any form / declaration available under the Income Tax or relevant Act where-by i can seek No TDS deduction or deduction at a Lesser rate.
Please reply
Regards
deepak
I am currently getting my remuneration in the form of professional fees. My gross total income during the year is not taxable.
But i am getting the remuneration after deducting the TDS (@10.24%)
I Know that i can file the Income Tax Return seeking the refund of the TDS deducted.
But my query is that "is there any form / declaration available under the Income Tax or relevant Act where-by i can seek No TDS deduction or deduction at a Lesser rate.
Please reply
Regards
deepak
06 December 2008
You may submit Form 13 to your jurisdictional ITO and get a certificate for no deduction of tax and submit the said certificate to your employer. If it is done employer will not deduct tax.
06 December 2008
Form 13 series
06 December 2008
the correct rate is 10% plus 3% ed.cess i.e. 10.3%
06 December 2008
yes you can submit form no 13 to the ITO officer where you are assessed with calculation of tax payable on your income ,likely tax to be paid thereon , tax already deducted ,remaining tax to be paid in support of lower rate or no tds at all .
if assessing officer is satisfied he will issue certificate to the dedutor to deducte tds at the lower rate or at nil rate .
if assessing officer is satisfied he will issue certificate to the dedutor to deducte tds at the lower rate or at nil rate .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
