Lower Rate Deduction of TDS does required names of each and every concerned of transactions?
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Some of Contractors/Transporters obtain TDS lower rate deductinn certificate from the ITO, does it requires the names to whom the business / transactions being done in future. Also effective rates which includes CESS (say for last FY 2%) now 2+1 % at what rate cess on tds to be deducted at current rate OR as per the certificate
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Answer:
Yes you have to mention names of those concerned if you want to obtain no deduction certificate ar low deduction certificate i.e.form 13 from I T O. you have to deduct as per certificate.
Jayant D at Yahoo! Answers Visit the source
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