Avail 50% discount on all online CA classes for Nov Exam(access till Nov 20th). Use coupon code NOV15

close x
Home > Experts > Income Tax > Certificate u/s 197 for deduction of TDS at a lower rate

Please Wait ..

to your account


Remember Me | Forgot your password?


Sign-up now

Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Alternatively, you can log in using:

Certificate u/s 197 for deduction of TDS at a lower rate (Income Tax)

Report Abuse
This query is : Open

( Author )
27 May 2008

A company has heavy tds on its income every year, where tds far exceeds its tax liability, resulting in heavy refund. To avoid such blocking of funds in the refund(refund takes considerably long time to be issued), the company applied to A.O for a certificate under Section 197 for deduction at a lower rate for asst. Yr 2009-10, well ahead in the I week of April 2008. The A.O has not acted on it for the past nearly 2 months (presumably acting on the extant oral instruction of the jurisdictional CIT not to proceed on any such applications owing to its likely adverse impact on the revenue collection figures). The A.O is neither rejecting nor giving any order or reply in writing on the application.[Otherwise, the assessee has every justification to be issued this certificate] The matter is in a standstill state.

Whether any remedy is available under the Income Tax Act against such inaction of A.O? Whether this is a case that can be taken under I.T Ombudsman Scheme?



You need to be the querist or approved CAclub expert to take part in this query .

Click here to login ( Members Login ) now

Similar Resolved Queries :


Quick Links

back to the top