Lower TDS deduction Certificate incase of Indian citizen
This query is : Resolved
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DIVYESH JAIN
(Querist)
11 September 2021
Dear Sir,
I have have a commercial house property on which TDS get deducted at 10% per month. My yearly taxable income is around 9 lacs per annum as per Income tax return. I have income from Business showing profits U/s 44AD, House property and other sources.
Can I apply for lower tds deduction certificate.
Regards,
Divyesh Jain
I have have a commercial house property on which TDS get deducted at 10% per month. My yearly taxable income is around 9 lacs per annum as per Income tax return. I have income from Business showing profits U/s 44AD, House property and other sources.
Can I apply for lower tds deduction certificate.
Regards,
Divyesh Jain
12 September 2021
Practically it is not workable. When you fall under 20% slab rate, while TDS gets deducted at 10%, how can any one lower it?
DIVYESH JAIN
(Querist)
12 September 2021
Ok, Thanks for your response
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