Issue of TDS Certificate
This query is : Resolved
24 November 2010
Is it neccessary to issue Tds certificate for Deductee, whose is eligible to deduct tds at nil rate as per lower deduction certificate obtained from Concern AO.
Please clarify my doubt and code notification/ circular if any.
Regards,
Venkat
Please clarify my doubt and code notification/ circular if any.
Regards,
Venkat
24 November 2010
For NIL rates - No need to issue
for lower rates - Yes TDS certificate shallbe issued.
Reference for your lower TDS is as per AO order.
for lower rates - Yes TDS certificate shallbe issued.
Reference for your lower TDS is as per AO order.
25 November 2010
28.6.7 Certificate for tax deducted [Section 203]
(1) Every person deducting tax at source shall issue a certificate to the effect that tax
has been deducted and specify the amount so deducted, the rate at which tax has been
deducted and such other particulars as may be prescribed.
(2) Every person, being an employer, referred to in sub-section (1A) of section 192 shall,
within such period, as may be prescribed, furnish to the person in respect of whose
income such payment of tax has been made, a certificate to the effect that tax has been
paid to the Central Government, and specify the amount so paid, the rate at which the tax
has been paid and such other particulars as may be prescribed.
(3) However, where tax has been deducted or paid in accordance with the foregoing
provisions of this Chapter on or after 1.4.2010, there is no requirement to furnish a
certificate for tax deducted under section 203 in respect of such tax deducted or paid on
or after 1.4.2010.
(1) Every person deducting tax at source shall issue a certificate to the effect that tax
has been deducted and specify the amount so deducted, the rate at which tax has been
deducted and such other particulars as may be prescribed.
(2) Every person, being an employer, referred to in sub-section (1A) of section 192 shall,
within such period, as may be prescribed, furnish to the person in respect of whose
income such payment of tax has been made, a certificate to the effect that tax has been
paid to the Central Government, and specify the amount so paid, the rate at which the tax
has been paid and such other particulars as may be prescribed.
(3) However, where tax has been deducted or paid in accordance with the foregoing
provisions of this Chapter on or after 1.4.2010, there is no requirement to furnish a
certificate for tax deducted under section 203 in respect of such tax deducted or paid on
or after 1.4.2010.
25 November 2010
If the ceditor (has Lower deduction certificate at nil rate) ask TDS certificate, then is it necessary to issue the Form 16A?
I came across a problem that one party asked Form 16A , Who has a lower deduction certificate at Nil rate.
I want to confirm whether i can give form16A specifiying TDS deducted and deposited Nil
I came across a problem that one party asked Form 16A , Who has a lower deduction certificate at Nil rate.
I want to confirm whether i can give form16A specifiying TDS deducted and deposited Nil
25 November 2010
If NIL TDS then you need not have to issue TDS Certificate because you have not deducted any TDS. TDS certificate can be issued only in case you have deducted any amount of TDS and deposited to the credit of Central Government.
25 November 2010
There is no obligation to issue a NIL TDS certificates, where non deduction is governed by a certificate issued by the TDS authorities. You should however furnish a copy of the said certificate furnished by the deductee before your assessing Officer in proof of justification for non deduction of tax at source, which is otherwise exigible for TDS. This would saver you from avoidable disallowance under section 40(a)(ia).
25 November 2010
@Venkataraju,
For NIL rates - No need to issue
for lower rates - Yes TDS certificate shallbe issued
For NIL rates - No need to issue
for lower rates - Yes TDS certificate shallbe issued
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Not able to file ITR
- Presumptive income under Income tax act 2025
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- 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
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
