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of <h1>Income Tax Bill 2025 Clause 395(1) modernizes lower deduction certificates replacing Section 197</h1> The Income Tax Bill 2025's Clause 395(1) modernizes the framework for obtaining lower tax deduction certificates, replacing Section 197 of the Income-tax Act 1961. The provision allows taxpayers to apply for reduced or nil tax deduction at source when their total income justifies lower rates. Key changes include broader scope covering any income under the chapter rather than specific sections, integration of both TDS and TCS procedures, inclusion of non-resident payment provisions, and alignment with digital administration processes. The Assessing Officer must issue certificates when satisfied with the applicant's circumstances, binding deductors until certificate expiry. While retaining core principles of taxpayer relief and revenue protection, the provision consolidates scattered procedures and codifies natural justice principles for certificate cancellation.
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