TDS/TCS Certificates: Lower/Nil Deduction Order Under Income Tax Act

Quick Summary

This notification concerns an order issued under Section 119 of the Income Tax Act, 1961. It relates to the process of issuing certificates that allow for a lower or nil rate of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). This applies to specific sections of the Act, including Section 195, Section 197, and Section 206C(9).

Order u/s 119 of The Income Tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS u/s 195, 197 and 206C(9) Please refer to the attached file for notification

Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Broadcasts
Daily E-Newsletter
Unlimited Notice & Circular Access

BEST VALUE

2 YEAR PLAN

3,499

(Inclusive of GST)

1 YEAR PLAN

1,999

(Inclusive of GST)

Buy CCI PRO Now

Already a PRO member? Login here for an ad-free experience.

FAQ :

The order facilitates the issuance of certificates for lower or nil deduction/collection of TDS or TCS under specific sections of the Income Tax Act, 1961.

This order covers TDS/TCS provisions under Section 195, Section 197, and Section 206C(9) of the Income Tax Act, 1961.

It means that under certain circumstances, the amount of tax to be deducted at source or collected at source can be reduced to a lower rate or even to zero.

The full notification details are available in the attached file mentioned in the article.