Sec 197 - Lower/ non deduction of tax at source

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CA Dilip (Querist)
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21 April 2009 Is Sec 197 ( Lower/ non deduction of tax at source) applicable for 194 I- rent payment

My client has given me Form 15-G for non deduction of TDS on Rent.
The form 15-G is only signed by my client.
and is not a certificate from the AO.

Can i accept this ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 April 2009 Section 197(1) is applicable for section 194I. You are not supposed to accept form 15G as per rule 29C of The Income tax Rules,1962 r.w.s 197A(1A).

CA Dilip

CA Dilip (Querist)
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22 April 2009 Expert Ans:
Section 197(1) is applicable for section 194I.

Q: What Decleration should i obtain for non deduction of TDS for rent payment.

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Manoj

Manoj (Expert)
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11 May 2009 Certification for non deduction/ short deduction of tax should be obtained by the assessee from the AO u/s 197.