deduction in rates of tds
This query is : Resolved
03 September 2009
dear sir,
we are the professional firm, since last 3 years our tax liablity is less than the tax deducted by our clients and we have large refunds in our tax computation statements, thus we would like to know that whether the rates of TDs can be lowered down. if yes, what is the procedure for same.
we are the professional firm, since last 3 years our tax liablity is less than the tax deducted by our clients and we have large refunds in our tax computation statements, thus we would like to know that whether the rates of TDs can be lowered down. if yes, what is the procedure for same.
chetan soni
(Expert)
03 September 2009
apply to your concern AO for lower deduction of TDS.
If AO thinks that the approval should be given then he will issue a certificate u/s 197 for the same.
To prove that there should be lower deduction you need to attache the copy of last years return filed.
If AO thinks that the approval should be given then he will issue a certificate u/s 197 for the same.
To prove that there should be lower deduction you need to attache the copy of last years return filed.
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