tds at lower rate

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vaibhav (Querist)
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10 June 2010 hi

i want know that who is eligible to tke the benefit of tds at lower rate deduction as per u/s 197 income tax act 1961?

IIndly what document should be submitted to take this benefit to ducuctor/A.O.?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 June 2010 The benefit goes to the deductee. The deductee has to submit form 13 to the jurisdictional Income tax officer and the officer in turn issues certificate stating the lower rate. The deductee has to submit this certificate to the deductor and he/they will deduct tax as per the rate mentioned in the said certificate.

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vaibhav

vaibhav (Querist)
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10 June 2010 thank you sir,

Further i want ask you that we are in partnership firm & we are the distributor of Aircel ltd. [ a telecom compnay] what papaers should we attach with form 13 to get the tds cetrificate at lower rate u/s. 197 income tax?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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11 June 2010 u should file form 13 along with income tax acknowledgement copy for last 3 years.

rest whatever details are required will be provided to u by the A. O.

vaibhav

vaibhav (Querist)
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13 June 2010 Thanks

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