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Declaration From Customers2

The document is a declaration by Bhaskar Constructions regarding the applicability of tax deduction under section 194Q and tax collection under section 206C(1H) of the Income Tax Act for the financial year 2023-24. It states that their sales exceed ₹10 crores, and they will deduct TDS at 0.1% on purchases, requesting the company not to collect TCS. Additionally, it confirms compliance with filing income tax returns for the last two financial years to avoid higher tax rates under sections 206AB and 206CCA.

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32 views2 pages

Declaration From Customers2

The document is a declaration by Bhaskar Constructions regarding the applicability of tax deduction under section 194Q and tax collection under section 206C(1H) of the Income Tax Act for the financial year 2023-24. It states that their sales exceed ₹10 crores, and they will deduct TDS at 0.1% on purchases, requesting the company not to collect TCS. Additionally, it confirms compliance with filing income tax returns for the last two financial years to avoid higher tax rates under sections 206AB and 206CCA.

Uploaded by

riyan260729
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Declaration - Deduction of tax u/s 194Q by the buyer or collection of tax u/s 206C(1H) by the seller

Date:

To,
My Home Industries Private Limited / Sree Jayajothi Cements Private Limited (“the Company”),
Floor-9, Block-3, My Home Hub, Madhapur
Hyderabad-500081, Telangana.

From,
Name of the buyer BHASKAR CONSTRUCTIONS
SAP code of the buyer
PAN of buyer AQHPT7965J
TAN of buyer

Sales/ Gross receipts/ Turnover:

This is to declare that my/our sales/ gross receipts/ turnover for the financial year 2023-24 exceeds the
threshold of ₹ 10 crores and accordingly, section 194Q of the Income tax act, 1961 (“the act”) will be
applicable to me/ us.

 No

a. If yes, compliance to Section 194Q - TDS :

I/We declare that with effect from July 1, 2021, I/We shall be deducting TDS at the rate of 0.1% on all
purchases of goods as per the provisions of section 194Q of the act. I/ We shall be sharing TDS
certificates with the Company and hence requested not to collect tax on sale of goods under section
206C(1H) of the act.

I/ We further confirm that I/ We have received the undertaking from you declaring that you have filed
your income tax returns for last 2 financial years within the due dates for which the time limit as
specified u/s 139(1) of the act has already expired and accordingly, higher rate of TDS/ TCS as
specified under section 206AB and section 206CCA of the act are not applicable to you.

b. If No, compliance to Section 206C(1H) - TCS:


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Filed Income tax returns of last 2 financial years:

 No

i) Declaration, If yes :

I/ We are hereby confirm that I/ We have filed the Income Tax Return (ITR’s) for last 2 financial
years within the due dates for which the time limit as specified u/s 139(1) has already expired and
accordingly, higher rate of tax under section 206AB and section 206CCA of the act are not
applicable to me/ us.

Below are the details for income tax returns filed for last 2 financial years:

Financial Year Income tax return filing acknowledgement number Date of filing
2021-22
2022-23

ii) If No :
TCS will be collected by the company at higher rates as specified u/s 206CCA of the act.

I/ We further declare that information furnished above is true and correct. In case any part of the
above declaration is untrue / false, I/ We undertake to indemnify the TDS/ TCS amount from us along
with Interest and Penalty if any. Further, I/ We would also submit any documents required / needed to
support the above declaration, if and when required.

Thanking you,

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