Monday, June 4, 2012

Certificate if tax either not to be deducted or to be deducted at lower rate under section 197

    The person receiving the commission or brokerage may make an application in new From 13 to be concerned Assessing Officer and obtain such certificate, as may be appropriate authorizing the person responsible for making such payment to deduct tax at nil rate or at lower rate.  The certificate will be given by the Assessing Officer if he is satisfied that it is justified to do so. 

     As per section 206AA(4) w.e.f. 01.04.2010, no certificate will be granted unless the application made under
that section contains the Permanent Account Number of the applicant.

Form No. 13 (Click Here)

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