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