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of <h1>Clarification: Tax deduction certificates u/s 197(1) apply only to payments after issuance; pre-payment issuance required.</h1> The circular clarifies that certificates issued under section 197(1) of the Income-tax Act, which allow for tax deduction at a lower rate or no deduction, are only applicable to credits or payments made on or after the certificate's issuance date. It addresses a practice where certificates were issued post-payment or credit, which is not compliant with the law. Applications for such certificates must be submitted before the credit or payment is made. However, in cases of genuine hardship, taxpayers may seek condonation for delays under section 119(2)(b) of the Income-tax Act.
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