Certificates - Section 395 (New) / Section 192(2C), 195, 197, 203, 206C(9) (Old)

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....Deduction of Tax read with Rule 210{For NR} Section 395(1) enables a payee to obtain a certificate authorising deduction of tax at a lower rate or without deduction of tax, where the estimated tax liability justifies such relief. Section 395(1) Clause (a): Application by the Payee The payee may make an application to the Assessing Officer for deduction of tax- • at a lower ....

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....ial No. 17 of the Table to section 393(2). Section 395(2) Clause (a): Application by the Payer Where the payer considers that only a portion of the sum payable to the non-resident is chargeable to tax, an application may be made to the Assessing Officer in the prescribed form{Form 129} and manner. Section 395(2) Clause (b): Determination by the Assessing Officer The Assessing Officer s....

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....ll be issued. Section 395(3) Clause (c): Effect of the Certificate The person responsible for collecting tax shall collect tax at the rate specified in the certificate until its validity expires. Section 395(4) - Issue of TDS/TCS Certificates read with Rules 215 and 219 Every person deducting or collecting tax shall issue a certificate to the deductee or collectee, as the case may be, ....

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....e 210 An application for a lower or nil deduction certificate may also be made before the prescribed income-tax authority through the prescribed electronic procedure. Upon electronic verification, the prescribed authority may- • issue the certificate; or • reject the application where the prescribed conditions are not fulfilled or the application is incomplete. ....