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Former Member
Nov 07, 2012 at 11:29 AM

Witholding tax exemption in % and upto an amount

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Dear Experts,

I have received the income tax exemption certificate from vendor, where in, vendor is eligible for exemption as under:

1. he should be allowed to deduct withhlding tax at lower % of withholding tax on his invoice

2. The Validity period is till 31st mar 2013

3. The exemption is valid till his invoice amount is does not cross Rs.Tweleve Lacs

Will it possibel in a standard way?

Please advise

Shailesh