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WD Letter PMIT

PM Enterprises provides its PAN number and details of income tax return filings to VST Industries Limited. PM Enterprises declares that its total turnover for the 2020-21 financial year was less than Rs. 10 Crores, so it is not required to deduct tax under section 194Q of the Income Tax Act. It requests VST Industries to continue collecting tax on sales over Rs. 50 lacs in accordance with section 206C(1H) of the Act.

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165 views1 page

WD Letter PMIT

PM Enterprises provides its PAN number and details of income tax return filings to VST Industries Limited. PM Enterprises declares that its total turnover for the 2020-21 financial year was less than Rs. 10 Crores, so it is not required to deduct tax under section 194Q of the Income Tax Act. It requests VST Industries to continue collecting tax on sales over Rs. 50 lacs in accordance with section 206C(1H) of the Act.

Uploaded by

Madhur Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PM ENTERPRISES

A88, PRINCE ROAD HARPAL NAGAR MORADABAD (U.P)

TO

VST Industries Limited


Azamabad,
Hyderabad – 500020

Sub: Declaration / information for deduction of tax at source u/s


194Q of the Income Tax Act, 1961 (Act)
Dear Sir,
This is with reference to your letter dated 17/06/2021 requiring our
declaration /information inregard to TDS u/s.194Q/ TCS u/s. 206C(1H) of
the Act.
The information is being provided hereunder:
1. Our Valid Permanent Account Number is
__09AKKPT3469N1Z5____________. Further we have duly filed
our returns of income for Assessment Years 2019-20 and 2020-21 as
per information given hereunder:
Assessment Date of Acknowledgment No. of ITR
year filing return
2019-20
2020-21

Our total turnover/ gross receipts during the financial year 2020-21 was
not more than Rs.10 Crores. Therefore, our company/firm is not liable to
deduct tax u/s 194Q of the Act. You may, therefore continue to comply
with provisions of Section 206C(1H) of the Act to collect tax on the
amount of sale consideration exceeding Rs.50 lacs in accordance with
provisions of the Act. Hence, request you to collect tax under section
206C(1H) at the appropriate rate taking cognizance of above information

Thanks & Regards 


Buyer –
WD Code -

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