Certificate for deduction at lower rate

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....deduction of income-tax 14[****] at any lower rates or no deduction of income-tax 15[****], as the case may be, the 16[Assessing] Officer shall, on an application made by the assessee in this behalf, give to him such certificate as may be appropriate. (2) Where any such certificate is given, the person responsible for paying the income shall, until such certificate is cancelled by the 17[Assessing] Officer, deduct income-tax 18[****] at the rates specified in such certificate or deduct no tax, as the case may be. 19[(2A) The Board may, having regard to the convenience of assessees and the interests of revenue, by notification in the Official Gazette, make rules specifying the cases in which, and the circumstances under which, an applicati....

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.... And was Amended vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 3. Inserted vide Section 84 of the Finance Act, 2003 w.e.f. 01-06-2003 4. Inserted vide Section 29 of the Finance Act, 1993 w.e.f. 01-06-1993 5. Inserted vide Section 84 of the Finance Act, 2003 w.e.f. 01-06-2003 6. Inserted vide Section 84 of the Finance Act, 2003 w.e.f. 01-06-2003 7. Inserted vide Section 73 of the Finance Act, 2001 w.e.f. 01-06-2001 8. Inserted vide Section 42 of the Finance Act, 1994 w.e.f. 01-06-1994 9. Inserted vide Section 84 of the Finance Act, 2003 w.e.f. 01-06-2003 10. Inserted vide Section 38 of the Finance Act, 1995 w.e.f. 01-07-1995 11. Omitted vide Sectio....

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.... shareholder or issuing any cheque or warrant in respect thereof, make an application to the Income-tax Officer to determine the appropriate proportion of the dividend to be deducted under the provisions of section 80K; and on such determination by the Income-tax Officer no tax shall be deducted on such proportionate amount." Earlier, Substituted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 01-04-1968 before it was read as, "(3) Where the principal officer of a company considers that, by reason of the provisions of section 84, no tax will be payable by the recipient on the whole or any portion of the dividend referred to in section 85, he may, before paying the dividend to the shareholder or issuing any cheque or warr....