Exemption
This query is : Resolved
24 March 2009
Dear All,
Please let me know what is the process , if some person dont allow company to deduct TDS as they say that their income is less then the ememption Limit.
What should company do? And also what document is required to submit in the company by the person ?
Please let me know what is the process , if some person dont allow company to deduct TDS as they say that their income is less then the ememption Limit.
What should company do? And also what document is required to submit in the company by the person ?
24 March 2009
The concerned person has to file an application in Form 13 to the jurisdictional ITO and to get a certificate . This certificate is to be given to the deductor company. The deductor can act as prescribed in the said certificate(either no deduction or deduction at a lower rate).
24 March 2009
you need to obtain form 15G/15H from such person...
if u get this forms than u need not deduct tds or deduct at lower rate as specified in the form
if u get this forms than u need not deduct tds or deduct at lower rate as specified in the form
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
