Scribd
Upload
19 views3 pages

Decleration Sample by Tally Home

This document is a declaration by a customer regarding their compliance with sections 194Q, 206C(1H), 206AB, and 206CCA of the Income Tax Act, 1961. It includes details about the filing of income tax returns, tax deducted at source, and the customer's sales exceeding Rs. 10 crores, along with an indemnity clause for any misrepresentation. The customer also acknowledges the need to deduct TDS as required under the Act.

Uploaded by

indramagrati2010
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
19 views3 pages

Decleration Sample by Tally Home

This document is a declaration by a customer regarding their compliance with sections 194Q, 206C(1H), 206AB, and 206CCA of the Income Tax Act, 1961. It includes details about the filing of income tax returns, tax deducted at source, and the customer's sales exceeding Rs. 10 crores, along with an indemnity clause for any misrepresentation. The customer also acknowledges the need to deduct TDS as required under the Act.

Uploaded by

indramagrati2010
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Dated:

To,
(YOUR COMPANY NAME & PAN CARD)

VIDEO LINK - https://youtu.be/-doKCuhGFY8


Sub: Declaration in relation to sections 194Q / 206C(1H), 206AB, 206CCA of theIncome Tax
Act, 1961.

We, <Customer name> have our registered office at <Customer registered office>. Our PAN is
<Customer PAN>. We hereby make the following declarations in relation to certain provisions
under Income tax Act, 1961.

1. That we have filed/ not filed our income tax returns for immediately last two preceding
Financial Years for which due date to file return of Income has expired as per sub section (1)
of section 139 of the Income Tax Act,1961 and details of which are as given under:

Financial Year Date of filing ITR Acknowledgement


Number
2020-21 (If Applicable on date of
declaration)
2019-20
2018-19

2. That the aggregate of tax deducted at source and tax collected at source in our case in 26AS
is more/ less than INR 50,000 in each of the previous years 2018-2019 and 2019-2020;

Financial Whether sum of TDS & TCS in 26AS is more than Rs. 50,000 for the
year previous year
2018-2019 Yes/ no
2019-2020 Yes/ no
2020-2021 Yes/ no

3. As per section 194Q of income tax act 1961, any person, being a buyer who is responsible for
paying any sum to any resident for purchase of any goods of the value or aggregate of such
value exceeding Rs.50 Lacs in any previous year, shall, at the time of credit of such sum to the
account of the seller or the time of payment thereof by any mode, whichever is earlier deduct
an amount equal to 0.1% of such sum exceeding Rs.50 Lacs as income tax(TDS).

VIDEO LINK - https://youtu.be/-doKCuhGFY8


VIDEO LINK - https://youtu.be/-doKCuhGFY8

SL No Declaration Remarks (Pl. strikeout


the incorrect one)
1 Our total sales, gross receipts or turnover from Yes / No
business exceeds Rs10 crores during the
preceding financial year
2 Since answer to Sl. No 1 is ‘Yes’ we will deduct Yes / No
TDS under Section 194Q @ 0.1% as a buyer on
amount exceeding Rs. 50 lakhs in the financial
year. Consequently, you need not charge TCS
u/s 206C(1H) in the invoices issued by you to us
3 TAN Number

In the absence of declaration by the aforesaid date, then we would be constrained to collect TCS as
per the higher rates prescribed under the Act

4. That we will indemnify (COMPANY NAME) for any loss (including but not limited to tax,
interest, penalty, legal costs, etc.) incurred by it on account of any misrepresentation made by
us through this declaration.

For <Customer Name>,

Authorised Signatory

Name –
Designation –
Date –
VIDEO LINK - https://youtu.be/-doKCuhGFY8

You might also like