04-05-2007, 11:44 PM
AoA
Thanks to all for giving us very nice informations. However, i have some confusions about the above discussion which i want to share with you. When a company or indivisual deduct tax at source then he is liable to issue a certificate for the deduction of tax to payee at the end of the year.
Similarly, banks also deduct tax at source at the rate of 0.2% on the cash withdrawal exceeding to Rs. 25,000.00. so in this case, can we ask a bank to issue us tax deduction certificate at the end of the year? we have also an evidence of bank statement in which tax deducted at source is shown. However, income tax authorities want challan copy or tax deduction certificate.
Thanks.
Zia ur Rahman
Thanks to all for giving us very nice informations. However, i have some confusions about the above discussion which i want to share with you. When a company or indivisual deduct tax at source then he is liable to issue a certificate for the deduction of tax to payee at the end of the year.
Similarly, banks also deduct tax at source at the rate of 0.2% on the cash withdrawal exceeding to Rs. 25,000.00. so in this case, can we ask a bank to issue us tax deduction certificate at the end of the year? we have also an evidence of bank statement in which tax deducted at source is shown. However, income tax authorities want challan copy or tax deduction certificate.
Thanks.
Zia ur Rahman
