Fusion : WITH HOLDING TAX - EXEMPTED RATE
SummaryFUSION: WITHHOLDING TAX - EXEMPTED RATE
Customer wants to use Lower Tax Deduction Certificate and the said the exempted tax rate % is applicable only to a particular amount limit and the exempted % and amount limit is different from supplier to supplier to legal entity to legal entity.
The requirement is not only the change of %. The exempted rate is applicable only to a certain amount and later on, standard rate is applicable.
Section : 194J: Nature of Payment : Professional Fees / Technical Fees / etc. Threshold Rs 30,000. Individual / HUF TDS: 10 % ; Others TDS : 10 %
Certificate is from April 2019 to March 2020, with a exempted rate of 6 %