GMMCO AS THE SELLER – DECLARATION FROM THE BUYER
(To be provided in Customer letter head)
Date:
To
GMMCO Limited
No 6, G.S.T Road, St. Thomas Mount,
Chennai-600016
Dear Sir,
Sub: Declaration in relation to sections 194Q / 206C(1H), 206AA, 206AB, 206CC& 206CCA of the
Income Tax Act, 1961.
We, ________________________________________________________________________
[Name
AVADHOOT ENTERPRISES
of the company as per Income Tax records] (hereinafter referred to as ‘assessee’), having PAN No
ABPFA0879F
__________________
and TAN No _______________________do hereby confirm as under:
Sl. No
1
2
3
4
5.
Declaration
Remarks (Pl. strike
out the incorrect
one)
Our total sales, gross receipts or turnover from business exceeds Rs Yes / No
10 crores during the preceding financial year
Our purchase of goods from you (namely M/s. GMMCO Ltd) during Yes / No / Cannot Say
this financial year will exceed Rs. 50 lakhs
Since answer to Sl. No 1 & 2 are Yes, we will deduct TDS under Yes / No
Section 194Q @ 0.1% as a buyer on amount exceeding Rs. 50 lakhs
in the financial year. Consequently, you need not charge TCS u/s
206C(1H) in the invoices issued by you to us.
Since our total sales, gross receipts or turnover from business does Yes / No
not exceed Rs 10 crs during the preceding financial year you may
collect tax at source from the sales amount exceeding Rs 50 lakhs
in the financial year
In case TCS is charged in the invoice, we confirm that we have filed
the income-tax return for the two preceding financial years and the
acknowledgement number and dates are as under:FY
Acknowledgement No
Date of Filing
2018-19
2019-20
We shall confirm and provide the proof of tax return for the
financial year 2020-21 once it is filed.
In case of TDS us/ 194 Q, we will issue TDS certificate to you as per the timelines prescribed under
the Income Tax Act, 1961.
Thanking you,
Yours faithfully,
For ___________________________
AVADHOOT ENTERPRISES
Authorized Signatory