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My income for the current year from Hiring Earth Moving
Vehicle to a contractor will be 250000/-my total savings
are 125000,payment of my childrens tution fees will be 35000
So mine will be below taxable income .Pl let me know
whether there is any chance to escape from TDS
obligation.If so Pl let me know the procedure
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Answer / sharanu
Offcourse you are escaped from TDS deduction,Do you know
Form 15G
You just submit that form and return to your deductor then
they will submit to govt for Exemption of Your TDs
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / rakesh aggarwal
no u r not escaped from tds deduction.and form 15g shall be
use only interest income
| Is This Answer Correct ? | 0 Yes | 1 No |
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