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Non TDS Compliance
Is there an option not to retain TDS for payment for contact where all payments exceeds 30,000.
Replies (3)
if single payment or bill does not exceed Rs 30,000/- or Rs. 100,000/- during year no need to deduct TDS
Even if such provision is violated than take a declaration from contrator and ask him to file return as per section 139 of IT Act and take a certificate from CA in that effect
Is there any format for this declaration and certificate from CA?
Please refer section 201 of Act and respective rules
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