Form 15G
This query is : Resolved
CA. Jyoti Baid
(Querist)
03 June 2009
Hello
CAN DECLARATION IN FORM NO. 15G BE FILED BY A PRACTICING CS REGARDING HIS TOTAL INCOME SO THAT TDS U/S.194J BE NOT DEDUCTED BY THE CLIENT FROM THE PROFESSIONAL FEES TO BE PAID TO THE PCS.
THE ESTIMATED TOTAL INCOME OF PCS IS BELOW TAXABLE LIMIT
REGARDS
CAN DECLARATION IN FORM NO. 15G BE FILED BY A PRACTICING CS REGARDING HIS TOTAL INCOME SO THAT TDS U/S.194J BE NOT DEDUCTED BY THE CLIENT FROM THE PROFESSIONAL FEES TO BE PAID TO THE PCS.
THE ESTIMATED TOTAL INCOME OF PCS IS BELOW TAXABLE LIMIT
REGARDS
CA.BHARAT BHUSHAN
(Expert)
03 June 2009
No, Form 15G is declaration for not to deduct
TDS fron Interest Income only. Hence, it cannot be used for professional fee
TDS fron Interest Income only. Hence, it cannot be used for professional fee
Manoj Mhatre
(Expert)
04 June 2009
Form No.15G is only for non-deduction of tds on interest income.
if you don't want to deduct tds on your income then you have apply for your assessing officer alongwith your last 3 years income tax return stating that your tds liability is lower than TDS deduction. so according to details submitted by you, assessing officer will issue a certificate to you for non deduction or lower deduction of tds, which you have to produced to your party, who is deducting your TDS.
i hope this will meet your requirement
if you don't want to deduct tds on your income then you have apply for your assessing officer alongwith your last 3 years income tax return stating that your tds liability is lower than TDS deduction. so according to details submitted by you, assessing officer will issue a certificate to you for non deduction or lower deduction of tds, which you have to produced to your party, who is deducting your TDS.
i hope this will meet your requirement
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