Request for not to Deduct TDS!!

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2010 One of my friend has been deducted
TDS u/s 194H even though his income is less than taxable income.
If he files Form 15G with the company then the company cannot deduct TDS. Am i right?
Thank you.

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)
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29 June 2010 Inmy opinion Form 15G does not cover payments u/s. 194H

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Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
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29 June 2010 Form 15G is deposited with bank as a declaration not to deduct TDS u/s 194A. But for non deduction of TDS u/s 194H you need to apply to Assessing Officer as per Section 197. In this you have to prove him that you income will not exceed maximum exemption limit.

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