https://www.taxtmi.com/article/detailed?id=13388 Under Section 206C(9) an Assessing Officer may issue a certificate allowing collection of tax at a lower TCS rate on application in Form No.13 filed electronically under Rule 37G, with prescribed income, liability and supporting particulars (including Annexures I and II and a justification note). PAN must be furnished to obtain the certificate; the tax-collection account number requirement has been dispensed with. The Assessing Officer processes TCS statements, determines estimated liability considering prior years and payments, issues an intimation within one year, and may issue a person-specific certificate under Rule 37H valid for the assessment year unless cancelled; amounts collected and paid are credited as tax paid for the collector's payee. en-us Fri, 24 Jan 2025 13:40:48 +0530 Fri, 24 Jan 2025 13:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13388 Under Section 206C(9) an Assessing Officer may issue a certificate allowing collection of tax at a lower TCS rate on application in Form No.13 filed electronically under Rule 37G, with prescribed income, liability and supporting particulars (including Annexures I and II and a justification note). PAN must be furnished to obtain the certificate; the tax-collection account number requirement has been dispensed with. The Assessing Officer processes TCS statements, determines estimated liability considering prior years and payments, issues an intimation within one year, and may issue a person-specific certificate under Rule 37H valid for the assessment year unless cancelled; amounts collected and paid are credited as tax paid for the collector's payee. Articles Income Tax Fri, 24 Jan 2025 13:40:48 +0530 https://www.taxtmi.com/article/detailed?id=13388