Lower TDS deduction Certificate incase of Indian citizen

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A property owner in India, subject to 10% TDS on commercial property income, inquired about obtaining a lower TDS deduction certificate. Despite having a taxable income of around 9 lacs per annum from various sources including business profits, house property, and other income, the response indicated that lowering the TDS rate is practically unworkable when the TDS deduction rate (10%) is already lower than the applicable tax slab rate (20%).

DIVYESH JAIN

DIVYESH JAIN (Querist)
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11 September 2021 Dear Sir,

I have have a commercial house property on which TDS get deducted at 10% per month. My yearly taxable income is around 9 lacs per annum as per Income tax return. I have income from Business showing profits U/s 44AD, House property and other sources.

Can I apply for lower tds deduction certificate.

Regards,
Divyesh Jain