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AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2010-11

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....s are held by an individual not being a non-resident, and the holder thereof makes a declaration in writing before the person responsible for paying the interest that the total nominal value of the 6½ per cent Gold Bonds, 1977, or, as the case may be, the 7 per cent Gold Bonds, 1980 No TDS on certain specified securities - see section 193 193 Interest other Securities 10% 194 Dividend       (Deemed) 10% Rs. 2,500 194 Dividend (Other) Nil   194A Interest other than interest on security 10% (a) Rs. 10,000/- where the payer is a banking company (b) Rs. 10,000/- where the payer is a co-operative society engaged in carrying on the business of banking; (c) Rs. 10,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and (d) Rs. 5,000/- in any other case 194B Winning from Lotteries 30% Rs. 5,000 - upto 30.6.2010 Rs. 10,000 - w.e.f. 1.7.2010 194BB Winning for horse race 30% Rs. 2,500- upto 30.6.2010 Rs. 5,000 - w.e.f. 1.7.2010 194C Payment to Individuals and HUF 1% Rs. 20,000 per single contract or Rs. 50,000 in aggregate during the Finance Year -....

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....rtificate may be issued to the person responsible for paying to me the incomes/sum by way of salary/interest on securities/interest other than “interest on securities”/insurance commission/commission (not being insurance commission) or brokerage/commission, etc., on the sale of lottery tickets/fees for professional or technical services/any sum by way of payment to contractors and sub-contractors/dividends/rent/income in respect of units/sum by way of payment of compensation on acquisition of immovable property (strike out whichever is not applicable) authorising him not to deduct income-tax/to deduct income-tax at the rate of____________per cent at the time of payment to me of such income/sum. The particulars of my income and other details are as per para 2.and/or I,____________________________________________of__________________________________do, hereby, request that a certificate may be issued to the seller, being the person responsible for collecting the tax from me in respect of the amount payable by me as the buyer of_____________________________[specify the nature of goods referred to in the Table in sub-section (1) of section 206C]/lessee or licensee of ______....

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.... tax at a lower rate under section 197 and/or in Annexure-II for collection of tax at lower rate under section 206C(9) of the Income-tax Act, as the case may be. I,___________________________________the trustee/co-trustee of_______________________do hereby declare that the securities/sums/shares, particulars of which are given in the Annexure, are properly held under trust wholly for charitable or religious purposes and that the income therefrom qualifies for exemption under sections 11 and 13 of the Income-tax Act, 1961. I declare that the securities/sums/shares, particulars of which are given in the Schedules above, stand in my name and are beneficially owned by me, and the income therefrom is not includible in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961. I further declare that what is stated in this application is correct. Date________________                                                                         ....

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....ment year/ quarterDue date for  filingReason for not filing(1)(2)(3)(4)Section  139Section 200Section 206C Assessment yearTotal income as per return of  incomeTotal income as per latest assessmentTotal tax including interest payable   on returned incomeTotal tax including interest payable  on assessed income(1)(2)(3)(4)(5) Assessment yearTotal payment of tax including interestTax paid by way of Advance taxCredit claimed for tax deduction at source.Credit claimed for tax collection at source.Tax paid by way of self assessment taxTax paid in response to notice of demand under section 156(1)(2)(3)(4)(5)(6)(7) Previous yearGross sales, turnover receipt of business or professionGross profitNet profitIn rupeesIn percentage to amount stated in column (1)In rupeesIn percentage to amount stated in column (1)(1)(2)(3)(4)(5)(6) Assessment Year/ periodLiability under the Income-tax Act, 1961Amount payable under the Wealth-tax Act, 1957Amount payable in respect of advance-taxAmount payable  for self-assessment taxAmount for which notice of demand under section 156 has been served but not paid.Amount payable as deductor or collector which had become due but not paid.(1)(....