Form 13 lower TDS deduction certificate u/s 197
This query is : Resolved
Quick Summary
28 August 2025
While computing estimated total income for the PY in which lower deduction is sought, should the TDS that will be actually deducted at prescribed rates (if not for the 197 certificate) be mentioned against TDS?
For example, if its LTCG on sale of property, actual tds rate is 12.5% and tds will amount to, say 5 lakhs. In the income estimation, after computing tax liability,
(i) should this 5L be shown as estimated TDS and show tax refundable as 5L, or,
(ii) TDS be left blank and just show the tax liability for the estimated income?
For example, if its LTCG on sale of property, actual tds rate is 12.5% and tds will amount to, say 5 lakhs. In the income estimation, after computing tax liability,
(i) should this 5L be shown as estimated TDS and show tax refundable as 5L, or,
(ii) TDS be left blank and just show the tax liability for the estimated income?
Dhirajlal Rambhia
(Expert)
28 August 2025
Tax liability to be calculated without TDS deduction.
Dhirajlal Rambhia
(Expert)
29 August 2025
You are welcome.
Dhirajlal Rambhia
(Expert)
21 September 2025
Good luck....
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