No Deduction Certificate - Form 13

Sathish Karunakaran (ACA) (614 Points)

24 January 2008  

My client works on contract basis and in professional nature. The contractee deducts tax at source @ 10.3%. But taxable income of the client seems to be less than the minimum taxable income limit. Hence decided to file Form 13 (claiming for no deduction certificate) with the AO.

The question is can the Form 13 alongwith estimated calculation of income be filed before start of the financial year? [Ex: for Fin.yr. 2008-09, can Form 13 be filed in the current year itself] or else wait for start of the concerned financial year?