11 November 2012
My client is getting his services done from professionals.The professionals want my client not to deduct TDS for payments given to them.Is it allowed that My client will not be deducting TDS.If so,is there any form prescribed on which our client should take signature for non deduction of tax.Our cleint turnover has already exceeded 25 lacks.
11 November 2012
the concerned professional needs to apply to the assessing officer for issuing such letter in the name of your client. Then "no TDS" or "lower TDS" as is given in the said letter... is possible.