Tds u/s 197

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2015 Sir,

Vendor given the certificate u/s 197 for the year 2014-15 but invoices of march 15 still i am receiving if i am accounting in the month of April Whether I need to deduct TDS or Not.

Please confirm.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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27 April 2015 yes you need to deduct the TDS as per provisions...

If the said certificate expires on 31st march 2015

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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27 April 2015 197. Certificate for lower or no deduction of tax.—

(1) The deductee may make an application, in such form and manner as may be prescribed, to the Assessing Officer seeking a certificate for deduction of income-tax at a lower rate or, as the case may be, no deduction of income-tax from payments to be received by him.

(2) The deductor may make an application, in such form and manner as may be prescribed, to the Assessing Officer seeking a certificate for deduction of income-tax at a lower rate or, as the case may be, no deduction of income-tax from payments to be made by him to a non-resident deductee.

(3) Where the Assessing Officer is satisfied that the total income of the deductee justifies deduction of income-tax at a lower rate or no deduction of income-tax, he shall give to the deductee or the deductor, as the case may be, such certificate as may be appropriate.

(4) The deductor shall deduct income-tax at the rates specified in the certificate issued under sub-section (3), until—

(a) such certificate is cancelled by the Assessing Officer ; or
(b) the expiry of the validity of the certificate,
whichever is earlier.

(5) The Board may prescribe the circumstances and the cases in which an application may be made for the grant of the certificate and the conditions subject to which such certificate may be granted and provide for all other matters connected therewith.

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Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 Dear Sir,

Thank u very much for your valuable reply. And I wanted to know that the deducted TDS in April 15 filed in March 15 or July 15.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 April 2015 i didnt got your this querry...

Where to filed in ??

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 Sir,
I am asking about income tax filing in which quarter i have to submit.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 April 2015 TDS deducted in april wil b in first quarter of 15-16

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