what are the provisions of LOWER DEDUCTION OF TDS
3 Replies
(Guest)
As Per section 197 of the Income Tax Act 1961 ITO may issue(after taking appropriate approvals) certificate of Lower deduction or non deduction at source after receiving proper application on Form 13 from deductee in respect of certain/specific payments /deductor .The certificate is to be issued in respect of certain deductor only. Now Income Tax depatment has issued a circular by which All such certificates can only be issued through Income Tax system so that each certificate can be verified and can be used or cross verified at the time of processing of ETDS returns uploaded by the Deductor
MANOJ SHRIPATI
(CA FINAL)
(56 Points)
Replied 04 June 2011
section 197 : where tds is deductable u/s 192,193,194A,194c,194d,194g,194h,194i,194j,194la and 195...and if
the assesing officer is satisfied on the application made by the deductee(recepient) then he may issue the certificate of lower deduction or no deduction of tds...
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