Lower Or No TDS Certificate Related Consultancy

Overview To TDS Certificate

TDS is deducted on the income of an individual and submitted to the income tax department before the
deadline. In some cases, a situation may arise when TDS is being deducted from the income of an
individual but the total tax liability calculated at the end of the year is less than the TDS deducted. In
such cases, it becomes very time consuming for the taxpayer. Firstly, he pays TDS, then it is submitted to
the government and then again TDS refund is claimed by the taxpayer. Therefore, government
introduced section 197 under the income tax act which clearly states that if the tax liability of any individual is less than the amount of TDS deducted, he may file an application for lower or no TDS
deduction to the income tax officer to get certificate. As per section 197, once a certificate is granted,
TDS will be deducted as per the TDS rate mentioned on the certificate.

You have to fill an application for no or less TDS deduction in form 13 of the income tax officer. If your
application is justified and the tax officer is satisfied, he will issue a lower or no TDS deduction certificate
for the same under section 197.

Lower or no TDS deduction certificate is applicable only if certificate has been issued by the income tax
officer in response of the application filled by you in form 13. The certificate should be submitted to the
person who is deducting the TDS. This certificate is required in all cases except where payment is made
on interest on FD or interest on securities as per section 197. Form 15G or 15H is required to be
submitted in case of payment made on interest on FD or securities.

What Is Included In Our Package?

Eligibility Consultation
Document Preparation
Application Drafting
Government Fees