Lower TDS certificate: ITO may allow reduced or nil deduction if total income justifies, verify partners' tax payment. The Income-tax Officer may issue a certificate permitting lower or no tax deduction on payments to contractors/sub-contractors if satisfied that the ... Summary
Lower TDS certificate: ITO may allow reduced or nil deduction if total income justifies, verify partners' tax payment.
The Income-tax Officer may issue a certificate permitting lower or no tax deduction on payments to contractors/sub-contractors if satisfied that the applicant's total income justifies it. For registered firms, certificates based on the firm's tax position may continue, but officers must verify that partners have paid their proper tax before issuing certificates.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.