tds exemption certificate

Others 4593 views 2 replies

when if a person (individual) gets no income more than the taxable limit. shall she can get a TDS exemption certificate.

for example  Mrs.A, get a consultancy income of say Rs.45000 p.a from M/s.Assurance ltd. And apart from that gets a pension of Rs.120000 p.a.

how can she get the TDS exemption certificate, what are the formalities and procedures to get TDS Exemption certificate.

This is because if she does not produce the TDS exemption certificate to M/s.Assurance Ltd , they will deduct TDS of Rs.4500.

Replies (2)

I think that in the case gibven by u, no relaxation can be sought from TDS. in case, the gross total income is below minimum exemption limit, then the assessee can file form 15H, but in this case, i think no alternative is there except with climing back the TDS via filing of return u/s 139(1).

 

Rectify me if i am wrong anywhere.

TDS examption for Transport Contractors U/s 194C


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