Low deduction of tds
This query is : Resolved
01 February 2019
Dear Sir,
I know that, there is provision in Income Tax Rule, u/s 197, a persons can avail the facility of Nil/Lower rate of TDS. But here by query is, Its is applicable to only Individuals/HUF or even Private Limited company can avail this provision.
Kindly suggest me. Since our company tax liability is less/nil, we our clients are deducting TDS @ 10%, Every year we are filing Tax returns and getting refund for the same.
Regards,
Varun Chandra
I know that, there is provision in Income Tax Rule, u/s 197, a persons can avail the facility of Nil/Lower rate of TDS. But here by query is, Its is applicable to only Individuals/HUF or even Private Limited company can avail this provision.
Kindly suggest me. Since our company tax liability is less/nil, we our clients are deducting TDS @ 10%, Every year we are filing Tax returns and getting refund for the same.
Regards,
Varun Chandra
02 February 2019
Applicable to Pvt Ltd company as well. Please see rule 28 ,37G and form 13.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
