Application for Lower TDS certificate u/s 197
This query is : Resolved
MAKARAND DAMLE
(Querist)
19 May 2020
We want to apply for lower TDS certificate u/s 197
TDS is deducted from our income u/s 194C and 194H
Since two sections are involved whether one application can be made in which details of income under both sections will be given ?
Also whether any specific requirement is to be followed while preparing and submitting financial statements for f y 19-20 and 20-21 ?
TDS is deducted from our income u/s 194C and 194H
Since two sections are involved whether one application can be made in which details of income under both sections will be given ?
Also whether any specific requirement is to be followed while preparing and submitting financial statements for f y 19-20 and 20-21 ?
Soumitra Basu
(Expert)
21 May 2020
there is no specific requirement. you have to file the application online. you have to satisfy the revenue why it is beneficial to the revenue and prejudicial to your interest.
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