Lower Deduction of TDS
This query is : Resolved
CA Sunanda Badgujar
(Querist)
22 September 2009
HEllo to all,
I want to ask a querry, that, a person receiving professional fees is falls under 10.30% TDS rate u/s 194J. But the income of the person is below taxable limit i.e. 1,80,000/-, so can he apply to income tax department for no deduction of tax at source?
If yes, then whats the procedure for the same.
Thanks in advance
I want to ask a querry, that, a person receiving professional fees is falls under 10.30% TDS rate u/s 194J. But the income of the person is below taxable limit i.e. 1,80,000/-, so can he apply to income tax department for no deduction of tax at source?
If yes, then whats the procedure for the same.
Thanks in advance
CA. Bikash Bogi
(Expert)
22 September 2009
NO
He Can't
You have to claim refund from the department
He Can't
You have to claim refund from the department
22 September 2009
agree
K V Subba Rao
(Expert)
22 September 2009
Please refer Para 175.5 of 32nd edition of Singhania's Ready Reckoner
As I understand, Sec 197 provides for obtaining Certificate from ITO for no deduction.
As I understand, Sec 197 provides for obtaining Certificate from ITO for no deduction.
CA SANJAY MUKHERJEE
(Expert)
22 September 2009
I do agree with Mr. K V Subba Rao. There is scope forr application in Form 13 for for no tax or lower tax deduction at source.
22 September 2009
Agree with the views of Mr.Rao and Mr. Mukherjee.
Ankur Garg
(Expert)
22 September 2009
Agree with Experts.
CA Sunanda Badgujar
(Querist)
23 September 2009
Ok thanks To all,
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