Dear Experts,
We have just formed a new company and will be giving professional services for software development.
my question is since this will be first balance sheet of the company and I am sure there will be no profit this year, and my clients will deduct TDS @ 10% on all my professional services, can I apply in advance to Income tax department for Issuance of Lower TDS certificate (section 197 I belive) so that my money don't stuck with Income tax department for claiming refund later.
Please help
Regards
Praveen
CAclubindia
