Form 13 lower TDS deduction certificate u/s 197
This query is : Resolved
28 August 2025
While computing estimated total income for the PY in which lower deduction is sought, should the TDS that will be actually deducted at prescribed rates (if not for the 197 certificate) be mentioned against TDS?
For example, if its LTCG on sale of property, actual tds rate is 12.5% and tds will amount to, say 5 lakhs. In the income estimation, after computing tax liability,
(i) should this 5L be shown as estimated TDS and show tax refundable as 5L, or,
(ii) TDS be left blank and just show the tax liability for the estimated income?
For example, if its LTCG on sale of property, actual tds rate is 12.5% and tds will amount to, say 5 lakhs. In the income estimation, after computing tax liability,
(i) should this 5L be shown as estimated TDS and show tax refundable as 5L, or,
(ii) TDS be left blank and just show the tax liability for the estimated income?
28 August 2025
Tax liability to be calculated without TDS deduction.
29 August 2025
You are welcome.
21 September 2025
Good luck....
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
- Applicability of TDS on CFS, CHA fees, and shipping line charges
- Notice from IT DEPTT IF FD AMOUNT EXCEEDS 10 LACS
- Unable to generate and save json file for updated return
- GST payable under RCM
- Applicablity on tds
- Tax audit & Switching from Presumptive taxation
- PRODUCT AND SERVICE CATEGORY CODE
- Section 194I not showing in TDS RPU for Compnay Assessee for TDS on rent
- LTCG offset against property buy
- Query in filing Returns for International workers in EPFO
- Advance money given for supply of goods
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- Received advance money for supply of goods but forfeited by us since full money not received
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
