12 December 2014
if an individual is getting commision income from a private limited company of Rs. 150000/-. since an individual is falling below slab rate where no tax is required to pay by him. so what is the procedure so that no TDS is deducted by the company?
12 December 2014
You can apply for NO deduction of TAX or at a lower deduction of TAX to the concerned Assessing Officer. The Assessing Officer, if deems fit, can issue the letter of NO tds or at a lower rate TDS to the concerned payer