If we are a pvt. ltd. company and our whole income is received as commission and TDS amount is so big therefore we have to claim refund every year. I need to know that how can we get a certificate so TDS will be deducted at a minimal rate.
Rajeev (Accountant) (51 Points)
26 December 2008If we are a pvt. ltd. company and our whole income is received as commission and TDS amount is so big therefore we have to claim refund every year. I need to know that how can we get a certificate so TDS will be deducted at a minimal rate.
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 26 December 2008
Your Company can apply with it's Assessing Officer in Form No. 13 for no deduction/collection of tax or deduction of tax at a lower rate.
The Form is attached.
Mukesh S Boudai
(Finance & Accounts officer)
(32 Points)
Replied 08 February 2010
Thanks prabeer. Thanks a lot.