https://www.taxtmi.com/circulars?id=8205 Prior administrative approval is required for issuance of certificates under section 206C(9) permitting lower collection of tax at source, with Addl. CIT/JCIT approval in each case and CIT(TDS) approval where cumulative tax foregone for a buyer, licensee or lessee in a financial year exceeds specified station-based thresholds; approvals must be endorsed to the jurisdictional CIT. Equivalent powers are delegated to officers in the Directorate of Income Tax (International Taxation). "Tax foregone" ordinarily means the difference between tax at the statutory collection rate and tax at the reduced rate for which the certificate is sought. en-us Wed, 21 Jul 2010 00:00:00 +0530 Fri, 30 Jul 2010 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8205 Prior administrative approval is required for issuance of certificates under section 206C(9) permitting lower collection of tax at source, with Addl. CIT/JCIT approval in each case and CIT(TDS) approval where cumulative tax foregone for a buyer, licensee or lessee in a financial year exceeds specified station-based thresholds; approvals must be endorsed to the jurisdictional CIT. Equivalent powers are delegated to officers in the Directorate of Income Tax (International Taxation). "Tax foregone" ordinarily means the difference between tax at the statutory collection rate and tax at the reduced rate for which the certificate is sought. Circulars Income Tax Wed, 21 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8205