Working for application u/s 197 - rule 28aa

You Have to Work Out a Calculation Sheet for the Assessment Year for Which You are applying for a Certificate. You include all Sources of Income, Deduct all availabe Chapter VI A Deduction, Calculate the Tax Liability. With Taht Liability and the Expected Income from the Particular Source Calculate the average rate of Tax and Apply for the Certificate

Originally posted by : CA.D.RAGAVAN
	You Have to Work Out a Calculation Sheet for the Assessment Year for Which You are applying for a Certificate. You include all Sources of Income, Deduct all availabe Chapter VI A Deduction, Calculate the Tax Liability. With Taht Liability and the Expected Income from the Particular Source Calculate the average rate of Tax and Apply for the Certificate

Sir, but the calculation is to be done for the last 3 asst. years na??? 

Past Years Calculations are Basis. But the Certificate requested is for Current Year. You Can make Justifications for deviations. The Department has to safeguard their interest. Further, the Certificate will not be issued exactly for the Average Rate Worked Out. The have to Average it with the earlier year Average  Tax Also. The Particulars given for earlier year is a reference for the Issueing Authority

You Can furnish the earlier year data as far as availble. If Only one year Data available You can restrict  to one year Data an so on