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Deduction of TDS on Retainer fee

TDS / TCS 7946 views 7 replies

Brijesh

Engineer

23 Points Posted on 08 May 2008

Dear Friends,

My friend is working as a retainer for wipro his salary is 11000 Rs and the TDS deducted is 1037 Rs.

Can u tell me how the TDS amount can be reduced.

Please do needful.

Thanks

Replies (7)

CA. Satish Karambali

Chartered Accountant

29 Points Posted on 08 May 2008

He have to apply to Assessing Office of Income Tax for getting Low or No TDS certificate. My opinion is that generally AO don't allow such certificate to professional.

ADVOCATE CA MOHIT SURESH GUPTA

PRACTISING TAX ADVOCATE

834 Points Posted on 08 May 2008

he should declare in form 15G and hand over to employer or he can fill Form 13 to assessing officer for reducing rate and after getting the confermation folllow the answer.

CA Akshat

article

422 Points Posted on 09 May 2008

form 13 is tobe filled with CCIT not with AO

CA. Kirti S. Ganatra

Service

1461 Points Posted on 09 May 2008

Only option is apply to A.O. with form 13.

Guest

460480 Points Posted on 10 December 2008

I am also working for wipro as retainer and my salary is 17000/- and TDS is 1751/-p.m. (10.3%)

can u help me how to reduce the \tds amt........

Originally posted by :Mohit Gupta
"	he should declare in form 15G and hand over to employer or he can fill Form 13 to assessing officer for reducing rate and after getting the confermation folllow the answer.	"