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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

Question Posted / satyaki_raju@yahoo.com

Answers were Sorted based on User's Feedback



My income for the current year from Hiring Earth Moving Vehicle to a contractor will be 250000/-my..

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

My income for the current year from Hiring Earth Moving Vehicle to a contractor will be 250000/-my..

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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