Application for Lower TDS certificate u/s 197

This query is : Resolved

MAKARAND DAMLE (Querist)
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19 May 2020 We want to apply for lower TDS certificate u/s 197

TDS is deducted from our income u/s 194C and 194H

Since two sections are involved whether one application can be made in which details of income under both sections will be given ?

Also whether any specific requirement is to be followed while preparing and submitting financial statements for f y 19-20 and 20-21 ?

Soumitra Basu

Soumitra Basu (Expert)
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21 May 2020 there is no specific requirement. you have to file the application online. you have to satisfy the revenue why it is beneficial to the revenue and prejudicial to your interest.