Tag: Lower deduction certificate

All about the documents required for a lower deduction certificate A lower deduction certificate is an order issued by the assessing officer under Section 197 of the Income‑Tax Act, allowing the payer (buyer) to deduct Tax Deducted at Source at a lower rate or NIL rate than normally prescribed. Common Uses of a lower deduction certificate, …

Eligibility U/S 197 for a certificate for Nil or lower TDS deduction Income Covered & Eligibility Condition of Apply U/s 197 Applicants must demonstrate that their projected tax liability for the fiscal year is lower than the TDS amount deducted at standard rates as per eligibility u/s 197 for a certificate for Nil or lower …