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TDS Declaration Form 194Q for FY 2024-25

The declaration outlines the TDS compliance obligations for M/s GANI INTERIO for the financial year 2024-25 based on their turnover from the previous year. If the turnover is below Rs. 10 Crores, TDS under section 194Q is not applicable, and TCS will be collected if purchases exceed Rs. 50 Lakhs; otherwise, TDS will be deducted at applicable rates. The document also includes indemnity clauses and confirms the filing of income tax returns for the last two financial years.

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17 views2 pages

TDS Declaration Form 194Q for FY 2024-25

The declaration outlines the TDS compliance obligations for M/s GANI INTERIO for the financial year 2024-25 based on their turnover from the previous year. If the turnover is below Rs. 10 Crores, TDS under section 194Q is not applicable, and TCS will be collected if purchases exceed Rs. 50 Lakhs; otherwise, TDS will be deducted at applicable rates. The document also includes indemnity clauses and confirms the filing of income tax returns for the last two financial years.

Uploaded by

muttannasp.official
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DECLARATION

I/We the Atharva Wale (Proprietor/Partner/Director/ Authorised signatory) of

M/s GANI INTERIO having a PAN number ABBFG9089R and TAN number hereby declare
the following for the Financial Year 2024-25.

a. We are aware of the provisions of TDS u/s 194Q and Turnover of M/s (name
of Unit/Company/Dealership) for the Preceding Financial Year 2023-24 is above
(above/below) Rs. 10 Crores.
(Strike out which-ever of the following is not applicable in clause “b”)

b. I/We hereby declare that since our Turnover for the previous financial year is less than Rs 10
Crores, the deduction of TDS u/s 194Q is not applicable on us, hence in case our purchases from
Signify exceeds Rs 50 Lakhs during the current Financial year i.e. 2024-25, Signify shall collect
TCS along with the sales consideration at the applicable rates.

OR

b. I /We hereby further declare that since our Turnover for the previous financial year is more
than Rs 10 Crores we confirm to undertake the following :

− We shall be deducting TDS at applicable rates u/s 194Q if the sale value exceeds Rs. 50 Lacs
during the current Financial Year. Copy/copies of our TAN is attached as
Annexure 1.

− That I shall deduct and deposit the applicable TDS u/s 194Q of the Income Tax Act in
a timely manner and further issue TDS certificates in the name of Signify within the
time framed specified in the Act.

− That in case of any discrepancies on our part in depositing TDS or Non-Issuance of


TDS certificates U/s 194Q of Income Tax Act or non-deduction of TDS, we shall make
good the losses in this regard and hereby indemnify as follows:

I hereby agree to indemnify Signify that in case of failure on compliance of the provisions of
TDS u/s 194Q or non-issuance of TDS certificate or both, I shall be liable to pay Signify the
TDS (in case of net payment initially) plus applicable interest (finance cost) as well as the TCS
u/s 206C (1H), along with applicable interest and penalty incurred by Signify for delay in
deposit of TCS u/s 206C (1H).’
c. I we hereby declare the status of our company in Column (B) whether it falls in the category
mentioned in column A as given below
Column A ( Description) Confirmation(Yes/No)
Central Government and its departments, State No
Government and its departments, UT
Government and its departments, An
Embassy, High commission, Consulate, Trade
Representation of Foreign States

d. We also indemnify Signify in case any liability which may arise consequent to any error or
non-adherence to any clauses in this declaration.

e. I/We have filed Income Tax Returns for immediately last 2 preceding Financial Years for
which due date to file return of income has expired as per sub-section (1) of section 139 of the
Income Tax Act, 1961 and details of which are as given under:
Financial Year for which Date of Filing ITR Acknowledgement No.
Income Tax Return was due
as per Section 139(1)

Yours Faithfully

Authorised Sigatory

*For multiple TAN numbers, provide Annexure giving the list of all TAN numbers along
with customer code in which the TAN will apply.

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