No TDS

Aalhad Deshmukh (Associate Corporate Advisor)   (75 Points)

28 January 2010  

Respected all,

I had a small query.

One of our clients is a director in 2 different companies say Company A and Company B.

While deducting tax at source on the salary paid to him in A, his salary in B is also considered.

So now, he wants to apply to the company B to not to deduct tax at source on the salary paid to him in company B.

For no TDS or TDS at a lower rate, application in Form no. 13 is to be submitted.

My query is whether the assessee has to compulsarily submit Form 13 or a simple application made to the company will do.

If it is compulsary to file Form 13, then what is the procedure to do so?

Kindly guide me.

Thank you in advance.

Regards.