Section 197 of Income Tax Act

Sec 197 s regarding deduction of tax at lower rate byreq AO  n if hs satisfied...form 13 is d rel form to b submitted fr said purpose

what does deduction of tax at lower rate means? pls elaborate sirji..can u give an example

It says tht if inc of assessee justifies lowering of tax rate by AO n AO is satified abt d incom tn asesees can mak an application to assesss either deduct tax at lower rate mentiond undersec 192,193,194,194A/C/DG/H/I/J/K. or at NIL rat,

The board can mak specific rules fr specific assessee after considering the convinience to assessee + intrst of revenue...

ok...

for example TDS rate u/s 194J-professional fees is10% so the lower rate will be 10%...correct me if i am wrong

I think yes...b t ther shld be reasons tht must be agrred by AO by showin d circumstances + it shld nt b aginst intrtst of revnue....Practically thy don allow....its meant fr thos asesseee tht has genuine hardship

Hardship which is extsting  n will add to thm if tax rate nt lowred.

section 197 does not cover section 192

yes it covers 192...pls chk it...i hve chkd it properly....

hallo...

         i m raju

can someone plz tell me about perquisites as per sec.17(2)

What is prequisites?