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)
Certificate authorising receipt without tax deduction - eligibility and Assessing Officer discretion govern issuance and validity. Rule 29B permits specified persons entitled to interest or other sums subject to deduction under section 195(1) to apply for a certificate authorising receipt without deduction of tax, limited to income receivable by a branch on its own account; applicants must meet eligibility conditions including regular assessment, no tax default, and, for non banking/insurer applicants, continuity of Indian operations and a fixed assets requirement. The Assessing Officer may grant the certificate if conditions are fulfilled and revenue interests are not prejudiced; certificates are valid for the specified financial year and may be cancelled prior to expiry.
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.
Certificate authorising receipt without tax deduction - eligibility and Assessing Officer discretion govern issuance and validity.
Rule 29B permits specified persons entitled to interest or other sums subject to deduction under section 195(1) to apply for a certificate authorising receipt without deduction of tax, limited to income receivable by a branch on its own account; applicants must meet eligibility conditions including regular assessment, no tax default, and, for non banking/insurer applicants, continuity of Indian operations and a fixed assets requirement. The Assessing Officer may grant the certificate if conditions are fulfilled and revenue interests are not prejudiced; certificates are valid for the specified financial year and may be cancelled prior to expiry.
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