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Circular/notification on lower rate of TDS

micky (employee) (43 Points)

15 September 2010

Dear All,

Please tell me the requirement for lowere rate of TDS certificate from income tax department.if there is any circular or notification please attach the same or link thereof.

Thanks

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4 Replies

Sunshine (Helping All) (10575 Points)
Replied 15 September 2010

u need to apply in form 13 to the A.O..........

venkatraman shrinivas (Tax consultant/Tax Advocate In Practice.) (313 Points)
Replied 15 September 2010

You have to file form 13 with an annexure detailing the sources of income and the basis on which you consider that you would not be either liable or have to pay lesser amount of tax. Thereafter the Income-tax authority in charge of the TDS wing having jurisdiction over your your area would issue a certificate, addressed to the person who would be paying you the sum which is assessable to tax under the Income-tax Act. On the basis of such certificate the person responsible for paying you the sum, would either not deduct tax or deduct such percentage as identified by the Officer issuing the certificate. You can down load the form 13 from the website of the Income-tax department.