What are the criteria to avail lower deduction of TDS & why
the lower TDS deduction certificate issued?

Answer Posted / avadhut

If any organisation comes in to the loss in the financial
year then the organisation can claim to the IT department
by filling form no.13 rule 28 & 37 G by presenting the
balance sheet of current year & provisional year for
assessing the tax liability for that year. Then the
assessment officer will issue the lower deduction of tax or
Nil certificate. organisation can issue this certificate to
the customer for non deduction tds from our bill or
receiving payment.

Is This Answer Correct ?    19 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How many heads are there under total income? Name them.

764


What is excise & service tax? What is the difference?

627


Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?

1617


professional tax rate

1698


If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?

1276






HOW TO FILL UP WEST BENGAL VAT FORM 14. NOT TECHNICALLY I AM AWARE ABOUT THEIR MANUAL. BUT I WANT TO KNOW POINT BY POINT.

9199


If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?

2639


i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible

1494


what do u meant by investment banking

1855


Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..

1612


How to calculate long term capital gain

1697


how to filing rt-1

1632


How can I Return CST Form-I

1269


What is VAT TDS? when it is applied & at what rate?

1256


in gujarat. whether Vat is applicable if H form issue ?

1865