Enabling electronic verification and issuance of certificate for deduction of income-tax at lower rate or no deduction of income-tax

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Full Text of the Document

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....CS) at nil or lower rate. 2. Sub-section (1) of the said section of the Act provides for issuance of certificate for deduction of tax at source at Nil or lower rates. As per the present provisions, the payee has to make an application before the Assessing Officer. Subsequent to the application, if the Assessing Officer is satisfied after due verification that the total income of the recipient17 j....