Certificate of lower collection of tax u/s 206c(9)
This query is : Resolved
04 June 2013
On what basis do the income tax authorities (Authority i think is additional commissioner of income tax) decide a rate lower than the prescribed rate for tax collection at source ?... I have heard that they have some specific formula for calculating such rate. Is it true ?
CMA Ramesh Krishnan
(Expert)
21 June 2013
It is basically depends on your projected Income & Income tax liability and documents proof submitted by you
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