TDS Exemption
This query is : Resolved
27 April 2008
TDS exemption is given for full rate of TDS or it is given as abatement i.e deduction at lower rates than applicable rates?
27 April 2008
it depends upon the facts according to which I.T authorities grants the lower or nil rate exemption.
28 April 2008
Ok, if IT has granted Lower rate exemption say in May, then can an assessee apply once again in month of Nov or Dec for lowering the TDS rates more?
29 April 2008
hi varun,
once granted, the exemption shall be valid for the period as mentioned in the certificate of exemption.
the rates cannot be subsequently changed once certificate has been awarded.
rgds/
vineet
once granted, the exemption shall be valid for the period as mentioned in the certificate of exemption.
the rates cannot be subsequently changed once certificate has been awarded.
rgds/
vineet
30 April 2008
Thanks Vineet, But can u plz tell me that whether the rates can be further reduced on subsequent application after expiry of 1st certificate?
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