https://www.taxtmi.com/acts?id=3797 Certificate for collection of tax at lower rate may be issued by the Assessing Officer where an application under rule 37G shows that the applicant's existing and estimated tax liability justifies collection at a reduced rate under section 206C(9). The liability assessment must consider estimated tax on current-year income, tax on income of the preceding four years, existing liabilities under the Act and the Wealth-tax Act, 1957, and advance tax, TDS and TCS paid up to the date of application. The certificate is valid for the specified assessment year, is personal to the named applicant, and is issued directly to the tax collector. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 20 May 2026 16:51:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3797 Certificate for collection of tax at lower rate may be issued by the Assessing Officer where an application under rule 37G shows that the applicant's existing and estimated tax liability justifies collection at a reduced rate under section 206C(9). The liability assessment must consider estimated tax on current-year income, tax on income of the preceding four years, existing liabilities under the Act and the Wealth-tax Act, 1957, and advance tax, TDS and TCS paid up to the date of application. The certificate is valid for the specified assessment year, is personal to the named applicant, and is issued directly to the tax collector. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3797