TDS deduction at lower rate

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Afzal N. Patel (Querist)
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20 August 2008 What is the procedure under the income tax act for acquiring a certificate which allows assessee to get his tds deducted at a lower rate than prescribed.

CA E.A.Ravikumar

CA E.A.Ravikumar (Expert)
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20 August 2008 Apply to the assessing officer in form 13.

Pl check with the IT PRO on who is the "assessing officer" - whether it is juris officer who assesses your tax or your TDS assessing officer.

The officer will ask information on past tax liability, demand position, tax compliance in terms of tax on income & TDS and other information as he may deem fit.