Certificate u/s 197(1) for lower deduction of tds

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ANIMESH PANDEY (Querist)
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22 June 2018 Dear Sir ,
We are given by a contrctor of our's a certificate u/s 197(1) duly certified by the ITO for lower deduction of TDS . To deduct TDS @ .75% upto Rs.12000000 instead 2% .

Now my question is what are the formalities on our part in this case . Would we be questioned in future for lower deduction of TDS or would we face problem in filing our TDS return??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 June 2018 no implication except that while filing the return, you have to use the appropriate flag for lower deduction of TDS and provide details of the 197(1) certificate.