Time line to apply for lower tds certificates u/s.197:
Can we apply now (Feb'16) for lower TDS certificate u/s 197 for the service rendered in year 2014?
Replies (2)
Hi,
In my opinion, it is to be applied before receiving of income as a list of deductors is to be submitted with the department u/s 197 from whom amounts are to be received without deduction of TDS every 6 months along with names, addresses and amounts received. Kindly go though Rule 28AA & Rule 28AB of Income Tax Rules, which also suggest the same.
Regards
CA Shivani Mittal
The certificate is valid only prospectively, therefore can not apply in 2016 in respect of 2014 income
Regards,
CA Hariprasad Nayak
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