Can a loss making co apply for lower tds deduction
This query is : Resolved
HITESH KHONA
(Querist)
26 August 2011
Dear All,
I have one query. One of our client is a loss making co, although the TDS deducted by their customers is huge appx 3 crs. Please let me know whether the co can apply for the Lower deduction of TDS certificate. Also let me know the procedure for the same
Regards
Thanks In Advance
Hitesh Khona
I have one query. One of our client is a loss making co, although the TDS deducted by their customers is huge appx 3 crs. Please let me know whether the co can apply for the Lower deduction of TDS certificate. Also let me know the procedure for the same
Regards
Thanks In Advance
Hitesh Khona
Aditya Maheshwari
(Expert)
26 August 2011
Yes it can apply in form no. 13 for lower deuction.
HITESH KHONA
(Querist)
26 August 2011
Ok. Thanks a Lot
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