Extending the scope for lower deduction / collection certificate of tax at source (TAX ADMINISTRATION)

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Full Text of the Document

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.... are eligible for certificate for deduction at lower rate. Further, sub-section (9) of section 206C of the Act provides that sums on which tax is required to be collected under sub-section (1) or sub-section (1C), are eligible for collection of tax at lower rate. 2. Section 194Q of the Act, requires every person being a buyer, who pays to a resident, being the seller, for the purchase of any good....