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    Declaration in Respect of Tds U/S 194Q of Income Tax Act, 1961

    Uploaded by

    Cma Saurabh Arora
    This document is a declaration from a customer to deduct tax (TDS) under section 194Q of the Indian Income Tax Act of 1961. [1] The customer declares that they will deduct a 0.10% TDS on all purchases over Rs. 50 lakhs from the company. [2] They take responsibility to deposit the deducted TDS to the central government as required by law and provide the necessary certificates. [3] They also agree to indemnify the company if any TDS-related liability, interest or penalties arise due to the customer's non-compliance.

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    Declaration in Respect of Tds U/S 194Q of Income Tax Act, 1961

    Uploaded by

    Cma Saurabh Arora
    4K views2 pages
    This document is a declaration from a customer to deduct tax (TDS) under section 194Q of the Indian Income Tax Act of 1961. [1] The customer declares that they will deduct a 0.10% TDS on all purchases over Rs. 50 lakhs from the company. [2] They take responsibility to deposit the deducted TDS to the central government as required by law and provide the necessary certificates. [3] They also agree to indemnify the company if any TDS-related liability, interest or penalties arise due to the customer's non-compliance.

    Original Title

    Declaration-TDS-194Q 2

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    This document is a declaration from a customer to deduct tax (TDS) under section 194Q of the Indian Income Tax Act of 1961. [1] The customer declares that they will deduct a 0.10% TDS on all purchases over Rs. 50 lakhs from the company. [2] They take responsibility to deposit the deducted TDS to the central government as required by law and provide the necessary certificates. [3] They also agree to indemnify the company if any TDS-related liability, interest or penalties arise due to the customer's non-compliance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4K views2 pages

    Declaration in Respect of Tds U/S 194Q of Income Tax Act, 1961

    Uploaded by

    Cma Saurabh Arora
    This document is a declaration from a customer to deduct tax (TDS) under section 194Q of the Indian Income Tax Act of 1961. [1] The customer declares that they will deduct a 0.10% TDS on all purchases over Rs. 50 lakhs from the company. [2] They take responsibility to deposit the deducted TDS to the central government as required by law and provide the necessary certificates. [3] They also agree to indemnify the company if any TDS-related liability, interest or penalties arise due to the customer's non-compliance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    < To be printed in letter head >

    DECLARATION IN RESPECT OF TDS U/s 194Q OF INCOME TAX ACT, 1961


    [To be obtained from those customers / Buyers whose purchases from the company
    during the year exceeds Rs.50 lakhs]

    To

    <<< Name / Designation of Authorise person>>>


    <<<<__Own company Name & Address____>>>>
    <<<<<_______>>>>
    <<<<<_______>>>>

    Sub : Declaration in respect of filing of our Income Tax Returns for the past two
    Financial Years

    Name of Our Company : ………………………………………


    PAN of our Company: ……………………………………..

    I, <<<___ Name of Authorise Person with designation___>> of M/s <<<____Name of


    company__>> do hereby undertake and declare as under:

    1) That TDS U/s 194Q of the Income Tax Act of your company Ms/ <<<___own
    company name___>>>, PAN <<<__own company PAN__>>> will be deducted
    by us @ 0.10% on purchases made by us from your company;
    2) That we will be responsible for deposit of above said TDS to the credit of
    central government as per the provisions of Income Tax Act;
    3) That we will provide TDS Certificates of the TDS deducted by us within the
    time & manner as prescribed under Income Tax Act;

    We further undertake that in case due to failure on our part to comply with
    relevant laws /regulations if any TDS / TCS liability, interest , penalties or any
    other amount becomes payable by your company, we shall indemnify for the same.

    For M/s ………………………………..

    (Signature)
    Name :
    Designation :

    Phone No. …………………


    Email ID. …………………

    Place :
    Date :
    *Strike off which is not applicable

    *This is a suggestive format only and not prescribed by any government / income tax department . Users of
    this format are expected to make necessary changes as per their requirement and understanding.

    *Any suggestions for improvement can be posted in comment section of our website :
    www.ankgassociates.com

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