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