Tax deduction and collection certificates regulate lower or nil withholding, taxable non-resident payments, prescribed certification, cancellation, and electronic applications. Section 395 permits payees to obtain lower or nil tax deduction certificates where estimated total income justifies relief, binding payers to deduct at ... Summary
Tax deduction and collection certificates regulate lower or nil withholding, taxable non-resident payments, prescribed certification, cancellation, and electronic applications.
Section 395 permits payees to obtain lower or nil tax deduction certificates where estimated total income justifies relief, binding payers to deduct at the certified rate or not deduct tax during the certificate's validity. It also permits determination of the taxable proportion of specified non-resident payments and lower-rate tax collection certificates for buyers, licensees, and lessees. Deductors and collectors must issue prescribed TDS/TCS certificates. Certificates may be cancelled after an opportunity of hearing, and lower or nil deduction applications may be made electronically.
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