Who is Eligible for Applying for a Nil TDS certificate?


Welcome to imaster Blog +91 95000 83333 For Nil TDS certificate consultants in Chennai

Who is Eligible for Applying for a Nil TDS certificate? If you earn less than the minimum amount that must be deducted under the Income Tax Act, then you can apply for a TDS exemption certificate. It is essential to file the correct information in your annual return to ensure that you do not incur any taxes. A certificate that shows you do not owe any tax is valid only if you have a certificate from the Assessing Officer.

 

If you have capital gain, you can save TDS by reinvesting it or investing in tax. To apply for this certificate, you will need to request your CA to file Form 15CB & 15CB. You can then either remit the money to your home country or keep it in your NRO account in India. However, you cannot remit more than $1 million per investment.

 

The process to apply for a Nil TDS certificate is straightforward. You must first complete the FORM 13. This form is required by all persons who make transactions with the Government of India. Non-resident individuals may apply for a certificate if they reside in a Tier 2/3 city. This is the case for individuals applying for a certificate from another country. It is important to note that an NIL TDS certificate issued to one individual is not valid for another.

Contact imaster for Nil TDS certificate consultants in Chennai +91 95000 83333

 

 

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