TDS Certificate definition
Examples of TDS Certificate in a sentence
The Licence fee shall be subject to Tax Deduction at Source as per the provision of Income Tax Act, 1961 and issue of TDS Certificate.
Provided further that in case the Purchasers fail to produce the said TDS Certificate within the stipulated period of 4 months from such possession date then the OWNER/DEVELOPER shall be entitled to appropriate the said deposit against the amount receivable from the Purchasers, which amount was deducted by the Purchasers from the payments to the Developer on account of TDS but not paid to the credit of the Central Government.
At Source (TDS): While making each Payment, the Allottee, if applicable, shall deduct TDS under section 194-IA of the Income Tax Act, 1961 @1% (or any amendment thereof) on the instalment amount being paid and deposit the same TDS Certificate with the developer.
At the year end, and TDS Certificate will be issued for such deduction of TDSamount.
In this regard, the Allotee hereby irrevocably agree and undertake to deposit the 1% TDS to the concerned authorities and the Allotee shall issue the 1% TDS Certificate to the Promoter with every such payment, simultaneously while making payment of the every such installment/s.
In the event it becomes necessary to layoff full-time employees covered by this Agreement, the least senior employee in this classification, by departmental seniority, will be laid off first.
The Purchaser shall without fail within 30 (thirty) days from the date of such deduction of TDS amount, furnish a signed original copy of the TDS Certificate (Form 16B) to the Promoter.
Tax deduction at source (TDS) is applicable under the Income tax Act, 1961 the same will be deducted from the Invoices raised and TDS Certificate as per provision of the Income tax Act and Rules shall be issued to the contractor.
In case of experience in other than BHEL, TDS Certificate from customer shall also be Furnished.
The Purchaser shall furnish necessary TDS Certificate to the Bidders, issued by the Department of Revenue & Customs, RGoB.