Ranjit (CA) (24 Points)
24 June 2011Can private limited company operating in Facility managemnt industry having turnover approx 35 crores for last FY and having number of corporate clients get the TDS exemption certificate ?
If yes on which basis income tax department issues certificate ? is it a NP percentage or absoulte amount of profit for the last year.
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 04 July 2011
Sir in my opinion you are referring to Form 15-G for not deducting the tax , if i am wrong plz correct me .
Form 15 - G Certificate is not available for a company or a firm .
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