Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Lower tax collection certificate under income tax rules depends on existing and estimated liability and remains person-specific for the assessment year. Certificate for collection of tax at lower rate may be issued by the Assessing Officer where an application under rule 37G shows that the applicant's existing and estimated tax liability justifies collection at a reduced rate under section 206C(9). The liability assessment must consider estimated tax on current-year income, tax on income of the preceding four years, existing liabilities under the Act and the Wealth-tax Act, 1957, and advance tax, TDS and TCS paid up to the date of application. The certificate is valid for the specified assessment year, is personal to the named applicant, and is issued directly to the tax collector.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Lower tax collection certificate under income tax rules depends on existing and estimated liability and remains person-specific for the assessment year.
Certificate for collection of tax at lower rate may be issued by the Assessing Officer where an application under rule 37G shows that the applicant's existing and estimated tax liability justifies collection at a reduced rate under section 206C(9). The liability assessment must consider estimated tax on current-year income, tax on income of the preceding four years, existing liabilities under the Act and the Wealth-tax Act, 1957, and advance tax, TDS and TCS paid up to the date of application. The certificate is valid for the specified assessment year, is personal to the named applicant, and is issued directly to the tax collector.
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