Instruction regarding issue of certificate of lower collection of tax at source u/s 206C(9) of the Income-tax Act 1961

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.... 21-7-2010   I am directed to state that instruction No.8/2006 dated 13.10.2006 was issued by the Board making it mandatory to get prior administrative approval of Additional Commissioner of Income Tax/Joint Commissioner of Income Tax before issue of any certificate of lower deduction of tax at source u/s 197 of the Income Tax Act, 1961. Further, instruction No. 7/2009 dated 22.12.2009 ....

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....me Tax (TDS) shall be taken where cumulative amount of tax foregone by lesser rate of tax collection at source during the financial year for a particular buyer or licensee or lessee; as the case may be; exceeds Rupees Fifty lakh in Delhi, Mumbai Chennai, Kolkata, Bangaluru, Hyderabad, Ahmedabad and Pune Stations and Rupees Ten lakh for other stations. Once the Addl. CIT/JCIT or the CIT(TDS), as th....