Lower or nil withholding certificates regulate tax deduction and collection through eligibility, assessment, and validity conditions. Rules 209 and 213 provide certificate mechanisms for non-deduction, lower deduction and lower collection of tax. Rule 209 enables eligible Indian branches ... Summary
Lower or nil withholding certificates regulate tax deduction and collection through eligibility, assessment, and validity conditions.
Rules 209 and 213 provide certificate mechanisms for non-deduction, lower deduction and lower collection of tax. Rule 209 enables eligible Indian branches of specified non-resident entities to apply in Form No. 126, subject to assessment, return-filing, non-default and income-receipt conditions. Rule 213 requires Form No. 128 and permits consideration of estimated tax liability, prior tax compliance, outstanding liabilities and available tax credits. Certificates are time-bound, may be cancelled earlier, and are generally limited to specified payments, recipients and amounts. Rule 210 separately excludes TDS on qualifying income from specified units held by eligible non-residents.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 1 
Join Channel 
