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of <h1>Section 197 allows tax deduction certificates for lower rates or no deduction on income payments</h1> Section 197 of the Income Tax Act, 1961 provides for certificates allowing deduction of tax at source at lower rates or no deduction. When an assessee's total income justifies reduced tax deduction rates under various sections including 192, 193, 194 series, 194A through 194Q, and 195, the Assessing Officer may issue an appropriate certificate upon application. Once issued, the person responsible for payment must deduct tax at the specified lower rate or no tax until the certificate is cancelled. The Board may prescribe rules for application procedures, circumstances for certificate grant, and related conditions through official notifications.
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