Section 197 - Certificate for no or lower deduction of tax

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.... 194-O, 194Q[Inserted by FA, 2024 w.e.f. 01.10.2024] and 195,. The Assessing Officer shall, on an application made by the assessee in this behalf, give to him such certificate as may be appropriate. Validity of Certificate * In such a case, the payer shall deduct income tax as per the rates specified in the certificate till such time the certificate is cancelled by Assessing Officer. * No certificate u/s 197 for deduction of tax at NIL rate or lower rate shall be granted unless the application made under the section contains the PAN of the applicant. Application made doe Lower rate or no deduction certificate * Procedure, format and standards for filling an application for grant of certificate under rule 28AA(4) and its proviso of R....

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....ms'. * Following documents required to be attached with the application made in form 13 for successfully submittion * Processed data of Income Tax Returns of previous 4 financial years (if available). * PAN Demand. * E-filed Income-Tax Returns of previous 4 financial years. * Audit Report (along with form 3CD if accounts are audited) of previous 4 financial years. * Assessment Orders of previous 4 financial years (if available). * For application filed in Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Ahmedabad and Pune, cases where revenue forgone exceeds a sum of Rs. 50 Lakh, the applications shall be assigned to the DCIT/ACIT exercising jurisdiction over TDS matters, and in other cases, the applications shall ....