TDS Exemption
This query is : Resolved
28 May 2009
I am working in a public limited company.
This is company is under the project stage & Such revenue as such is there.
We are lending our temporary surplus to our sister concern.
Only the interest which we receive is taxable income which will off set against my regular expenses (Business)
Hence whatever be the TDS which our sister company is deducting will have to get refund from the income tax dept.
To avoid the same, we are planning to get exemption under TDS provision
Whether Form 13 can be used for the company TDS exemption ?
any other procedure to be followed?
This is company is under the project stage & Such revenue as such is there.
We are lending our temporary surplus to our sister concern.
Only the interest which we receive is taxable income which will off set against my regular expenses (Business)
Hence whatever be the TDS which our sister company is deducting will have to get refund from the income tax dept.
To avoid the same, we are planning to get exemption under TDS provision
Whether Form 13 can be used for the company TDS exemption ?
any other procedure to be followed?
28 May 2009
You can apply in Form 13 for a certificate for non deduction/deduction at a lower rate of TDS.
29 May 2009
thanks for the reply
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- PAYMENT NOT SEND IN 180 DAYS
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
