Subramanya (Tax Consultant) (523 Points)
15 November 2019Dear Experts,
Kindly let me know is No deduction or Lower rate deduction available for employees ?
If yes, under what circumstances this facility is available
with regards,
Subramanya
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 November 2019
Kapadia Pravin
(17259 Points)
Replied 15 November 2019
You can definitely apply under section 197 for a certificate of no deduction or deduction at a lower rate of TDS
AO is satisfied that the total income of the employee justifies the TDS at any lower rates or no deduction , the AO shall, on an application made by the assessee , issue to him such certificate as may be appropriate.
There is no list of circumstances which you pick up and use. You have to establish genuineness of such a certificate.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 November 2019
Subramanya
(Tax Consultant)
(523 Points)
Replied 18 November 2019
I completely agree Kapadia Pravin ji
Under provisions of Income tax lower deduction or no deduction is allowed by requesting concerned AO
However, in particular i want to know whether it is applicable for employees (TDS on Salary).
Have you come across such lower or no deductions incase of employees
Thank you
Subramanya R
CAclubindia
