Please Help: TDS - Section 197
Posted Date : 11-Dec-2013 , 07:54:32 pm | Posted By CA Tushar Patil
What is procedure & documents required for obtaining certificate of lower deduction u/s 197(1) of the Income Tax Act, 1961?
Category : Income Tax | Answers : 1 | Comments : 1 | Hits : 209
Answers
Answer By: shankygarg
Documents Required for Obtaining lower deduction For the year 2013-2014:-
Projected Profit and Loss Account for Financial Year 2013-14
Annual Report for AY 2011-12, 2012-13 and 2013-14 (if not finalized, submit unaudited results)
Tax Audit Report for AY 2011-12, 2012-13 and 2013-14 (if finalized)
Wherever there is delay in payment of TDS as per Tax Audit Report, attach proof of payment of interest.
List of parties included in the projected receipts with their TAN and expected amount.
If there is fall in net profit for Financial Year 13-14 as compared to earlier three years then reasons for fall in net profit.
Copies of Provisional TDS statement of FY 2010-11, 2011-12 and 2012-13.
Applicant details & details of the business.
Projected Profit and Loss Account for Financial Year 2013-14
Annual Report for AY 2011-12, 2012-13 and 2013-14 (if not finalized, submit unaudited results)
Tax Audit Report for AY 2011-12, 2012-13 and 2013-14 (if finalized)
Wherever there is delay in payment of TDS as per Tax Audit Report, attach proof of payment of interest.
List of parties included in the projected receipts with their TAN and expected amount.
If there is fall in net profit for Financial Year 13-14 as compared to earlier three years then reasons for fall in net profit.
Copies of Provisional TDS statement of FY 2010-11, 2011-12 and 2012-13.
Applicant details & details of the business.
Comments
CA Tushar Patil
12-Dec-2013 , 05:57:01 pmthank u shankygarg