Deduction of tax at source: revised undertaking and accountant certificate formats ensure correct withholding for remittances. Remitters must furnish revised proforma undertakings accompanied by an accountant's certificate certifying the nature and amount of income, tax payable and tax paid; authorised dealers and the Reserve Bank shall obtain and forward these documents to the Assessing Officer. The new formats replace earlier proformas to ensure correct deduction of tax at source, require particulars and reasons for nil or lower withholding claims, and reiterate remitter liability for any shortfall with interest and penal consequences.
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Deduction of tax at source: revised undertaking and accountant certificate formats ensure correct withholding for remittances.
Remitters must furnish revised proforma undertakings accompanied by an accountant's certificate certifying the nature and amount of income, tax payable and tax paid; authorised dealers and the Reserve Bank shall obtain and forward these documents to the Assessing Officer. The new formats replace earlier proformas to ensure correct deduction of tax at source, require particulars and reasons for nil or lower withholding claims, and reiterate remitter liability for any shortfall with interest and penal consequences.
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