My Query is that we have got an advertisement bill under 94C from a IIT college, for an amount of Rs. 100000/-, being a Govt. Institution they are providing us the 0% TDS exemption certificate ,
As know i would not deduct the TDS , do i have to file the Quaterly return showing 0% in deductee name and have to issue the TDS certificate.
Kindly give your valuable suggestion ,
Thanks
Since the deductee is in benefit of availing exemption vide a certificate, you are not required to file TDS details of that deductee in the return you are filing nor you are liable to issue TDS certificate.....
I hope that answers your query.
Aggarwal Sarawagi and Co
New Delhi
CA
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