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of <h1>New Rule: Tax Deduction Certificates u/s 197 Must Be Issued Electronically via ITD System for Efficiency.</h1> The circular mandates that certificates for lower or nil tax deduction under Section 197 of the Income-tax Act, 1961, must be issued through the ITD system. Previously issued manually, these certificates will now be generated electronically to ensure centralized data management and streamline the processing of TDS returns. The system will provide comprehensive information on the deductor, deductee, payment nature, and certificate validity, aiding in policy decisions and reducing non-deduction defaults. In exceptional cases where system generation is not possible, data must be uploaded within seven days of manual issuance. The procedure is open for suggestions and amendments.
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