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.
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
(Expert)
29 June 2010
Inmy opinion Form 15G does not cover payments u/s. 194H
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Shudhanshu Agrawal
(Expert)
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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