Section 197, lowe deduction application

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krishan (Querist)
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28 December 2019 Hi

Can we file lower deduction application for a "Company" online?
If yes suggest me the procedure, as i could't find any such option on Traces.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 December 2019 Form 13 Online Filing & Generation
Registration in TRACES is mandatory, so if the taxpayer is not registered in TRACES, then, one needs to first obtain registration in TRACES;
For registration in TRACES follow the undermentioned steps –

Visit the site https://contents.tdscpc.gov.in/;
Click on Login and select Register as New User option;
Select ‘Taxpayer’ from the drop-down list;
After selecting Proceed, the registration form would be displayed;
Fill in the appropriate information and submit and the registration in TRACES would be done.
Login in TRACES and under ‘Statements / Form’ tab select ‘Request for Form 13’;
Form 13 would be displayed and appropriate details need to be filled up by the applicant;
Once all the details are filled up and appropriate documents are uploaded, the applicant is required to submit the form 13 either by using Digital Signature or by using EVC.
Generation of Certificate
After successful submission of an application in FORM 13 through TRACES by the applicant, on the basis of the information/details furnished in FORM 13, the application shall be forwarded to the appropriate TDS assessing officer.

After carrying out appropriate verification of information/details furnished in FORM 13, and on receipt of approval of the competent authority, the Assessing Officer would generate the certificate.

Since the certificate would be system generated, there will not be any requirement of the signature on the same.

The applicant, as well as the deductor, can download the generated certificate through their TRACES login.

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