CA Darshak Shah (Practicing CA) (1889 Points)
14 April 2012
Mr X has salary of 2,54,000 as salary Income..
TDS was deducted accordingly..
Mr X has only that source of income i.e. salary..
He invests in 80C around 80,000 thus tax liability becomes nil...thereby claiming refund every time..
Now
Is there any forms/procedures/formalities so that TDS doesn't get deducted..?
CA Dileep Surya Kumar
(B.com, ACA, CS)
(3789 Points)
Replied 14 April 2012
Yes, Under section 197 tax payer may make an application to his Assessing Officer for deduction of tax at a lower rate or non deduction of tax.
CA Darshak Shah
(Practicing CA)
(1889 Points)
Replied 14 April 2012
Thank You Mr Dileep,
I request you to send me Form-13 as an attachment if you can....
CA Dileep Surya Kumar
(B.com, ACA, CS)
(3789 Points)
Replied 14 April 2012
Please find attached FORM-13
CAclubindia
