Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

February 2010

Certificate of lower deduction or non-deduction of tax at source u/s 197 of the Act- matter reg. – Instruction No. 7/2009 F. No. 275/23/2007-IT(B)], dated 22nd / 23rd December, 2009

By Pinky Shah
Sonalee Godbole
Gaurang Gandhi
Tarun Ghia
Nimesh Dedhia
Vijay Kewalramani
Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d

New Page 1

25 Certificate of lower deduction or non-deduction of tax at source u/s 197 of the Act- matter reg. – Instruction No. 7/2009 F. No. 275/23/2007-IT(B)], dated 22nd / 23rd December, 2009 – Copy available for down load on the website – www.bcasonline.org

CBDT vide the above Instructions have notified that prior administrative approval of the CIT (TDS) is required before issuing certificate u/s 197, where the cumulative amount of tax forgone by non-deduction/lower deduction during the financial year for a particular assessee exceeds Rs. 50 lakh in Delhi, Mumbai, Chennai, Kolkata, Banglore, Hydrabad, Ahmadabad and Pune and Rs. 10 lakh in other cities.

Download PDF

You May Also Like

CBDT F. NO. 275/70/2009-IT(B)], dated 22nd December, 2009 regarding tax deduction at source u/s 194 on commission/supplementary commission

Scheme for improving quality of assessments regarding – Instruction No. 6/2009 F. No. 225/11/2006-ITA.II], dated 18th December, 2009 –