ee PIONEER ENGINEERS 08/89, G.1,0.C Estate, Opp. GCEL, Makarpura, Baroda. 10, E-mail 1D: ploneer.en; ymail.com_GSTRN :- 24AGAPS6333C1ZR Specialist in: Customized CNC Turning and Milling Jobs DECLARATION CUM UNDERTAKING To ‘SRK Vidyalaya Post Periyanaickenpalayam, | Lakshmi Machine Works Limited | Coimbatore — 641020 ‘Sub: Declaration cum undertaking with respect to TDS compliance under Section 194Q and Section 206CCA of the income Tax Act, 1961 BeiSccs 1) WeLkaan Vlonmmnen Etyas [enity Name] having PAN No_ACARS C2230. Stuated at Ge5/B-\ Git vcesexss [Address] hereby declare in respect of Financial Year 2021-22 [Assessment Year 2022-23] that For the purpose of Section 194Q/ 206C(1H) of the income Tax Act, 1961, Tick applicable box] 1. My/ourtumover / gross receipts for the financial year 2020-21 A.lfyes — B.ifno Exceeds Rs 10 Crores Z 4 2. My / our purchases from Lakshmi Machine Works Limited is estimated during the Financial Year 2021-22 to: A.lfyes B.Ifno Exceed Rs. 50 Lakhs 4 For the purpose of Section 206AB / Section 206CCA of the Income Tax Act 1961 [ick applicabie box) 3. Total TDS and TCS for Previous year 2018-19 and 2019-20 - my / our case A ityes B.Ifno Each year exceeds Rs 0,000 wa 4. Income Tax retums, within the timeline as permitted under Section 139 (1) of the Income Tax Act, 1961, for the Previous Year's 2018/19 and 2019/20 relevant to respective Assessment Year as on the date of providing the said declaration - | / we declare that: Alfyes — B.ifno Returns have been filed 4 faeWhere the TDS deduction is made as per Section 194Q of the Income Tax Act, 1961, We hereby agree to share the TDS deduction details along with invoice reference and TDS certificates with Lakshmi Machine Works Limited within the time limit as ‘Specified under Income Tax Act, 1961 and rules made thereunder. 5. 1/ We read and understand below Table that summarizes the tax compliance in the hands of ‘me / us or Lakshmi Machine Works Limited: - Conditions lity of Tax under Multiple Scenario Pointi-Tumoverumit | A | A A 8 8 8 Point 2— Purchase mit | A_| A 8 8 A A Point3—Tos/TcSumit_ | A_| 6 A 8 A A Point 4— Return Filing Al A A 8 A 8 ‘TDS / TCS Responsibility UMW ITCS @] as oe = =| oa% [3% Customer ros @]_[ 03% [ 01% | x x x x Note: ‘TDS on Invoice Value of goods excluding GST / TCS on Total invoice value including GST. ‘A= Refer to Point (a) of each point; B — Point (b) of each point mentioned above. Non deduction of TDS as per Section 194Q of Income Tax Act, 1961 will lead to 30% disallowance of expenditure in the hands of purchaser. 4. Activity Flow chart has been annexed for your quick reference. 1/ We hereby agree to furnish PAN and other related documents as required by Lakshmi Machine Works Limited for ensuring the compliance under Section 194Q, Section 206C(1H) ‘Section 206AB and Section 206CCA of the Income Tax Act, 1961. Uwe hereby certify that the declaration made above is true and correct. If there is any change in the above information, Awe would promptly inform Lakshmi Machine Works Limited. Further, we would also submit any documents required / needed to support the above declaration, if and when required, We agree to indemnify, defend and hold Lakshmi Machine Works Limited harmless from and ‘against. any and all losses (including but not limited to taxes, interest and penalty) suffered or incurred, directly or indirectly by it as a result of any misrepresentation or inaccuracy of information provided by Us, or any failure by Us to perform or comply with obligations under this Declaration | For PIONEER ENGINEERS is 4 pacer | ‘Authorized Signatory Place: = VaneD QAR Date: AT Ages 202)