Status Check, Procedures, Facilities

Organisation : Income Tax Department Karnataka
Facility : Application For Lower TDS Certificate U/S 197
Home Page : https://incometaxbengaluru.org/
Apply here : https://www.incometaxindia.gov.in/Pages/tax-services.aspx

How To Apply For Lower TDS Certificate?

Please read the instructions for filling different section of the online form carefully before proceeding to the next section :
Applicant Details :
** Name Name as per your PAN/TAN
** PAN

Related / Similar Service :
KHB Check Application/ Allotment/ Payment Status Karnataka

** Jurisdictional Assessing Officer details as per last Income Tax Return. Fields to be filled are Range, Circle/Ward and AO number.
** Details regarding Nature of business/income earning activity are to be provided in free text field.
** User will be allowed to upload the Part G document of Form 26 AS for the past 5 years if required.

Contact person (responsible for TDS) details :
These details will be used in case any information/ documents are required for processing the application. Intimation of sending lower deduction certificate to deductors will be sent to the contact person’s email id.

Income Tax Payment Details

** Details of last three years income and projection for current year to be provided.
** Tax payment details for last 3 years to be filled.
** Details of tax already deducted / paid for current FY to be filled.
** Details of demand outstanding before any Income Tax authority to be provided here giving details of AY, amount , section and current status(whether any stay granted).
** Particulars of default as reported in column 27 of tax audit report (Form No. 3CD) for last three years to be provided. Reasons for the default and corrective action taken should also be mentioned.
** Details of pending scrutiny assessment or penalty proceedings to be provided.
** Details of receipt/utilization/accumulation for last 10 years to be provided if the applicant is a person referred to in Rule 28AB(1)

TAN details (NA to be filled if not applicable) :
** TAN
** Forms which are applicable to the applicant should be selected using radio button and corresponding details to be filled.

Details of Cumulative Tax likely to be foregone by issue of certificate to be filled :
** Section Section of the Income Tax Act under which the receipt is covered for TDS.
** Projected amount Cumulative amount of projected receipt under this section.
** No. of parties No. of parties from whom the receipt is expected.
** Normal rate of TDS Rate of TDS applicable as per Income Tax Act if no certificate is issued.
** Lower rate requested Rate at which lower deduction certificate is requested for receipts covered under this section.
** Tax Foregone Auto filled.
** Total Tax foregone as per certificate proposed Auto filled.
** Tax foregone as per certificate, if any issued earlier during Financial Year : to be filled if certificate for lower deduction issued earlier for the same financial year.
** Cumulative tax foregone Auto filled.

Deductor wise details with respect to payments for which certificate is sought to be provided. Application provides facility of providing details by two modes :
** Enter data through Excel : Download Excel file using the link provided. Fill the details in the format provided in excel sheet. Import the file after filing Excel sheet and upload. This functionality is helpful when number of parties for whom certificate is sought is very large.
** Manual entry of details as per format provided.

Documents to be attached for relevant AY to be attached in PDF format :
** ITR-V/Acknowledgement of filing Income Tax return for relevant financial years to be attached.
** Computation of Income for relevant financial years.
** Balance Sheet and Profit and Loss Account for relevant financial years with all Schedules/Annexures.
** Audit report in Form-3CD/3CA-3CB/10B ( Whichever is applicable) for relevant financial years.
** Projected computation of income and MAT calculations for the current financial year.

FAQ On Lower TDS Certificate

Sure, here are some FAQ on Lower TDS Certificate:

What is a Lower TDS Certificate?
A Lower TDS Certificate is a document issued by the Income Tax Department that allows a taxpayer to receive payments without having TDS deducted at source. This can be beneficial for taxpayers who have already paid their taxes in full or who are not required to pay TDS.

Who can apply for a Lower TDS Certificate?
Any taxpayer who is required to pay TDS can apply for a Lower TDS Certificate. However, not all applications will be approved. The Income Tax Department will consider the taxpayer’s income, tax liability, and other factors when deciding whether to issue a Lower TDS Certificate.

How long does it take to get a Lower TDS Certificate?
The processing time for a Lower TDS Certificate varies. However, most applications are processed within 30 days.

What if my application is denied?
If your application for a Lower TDS Certificate is denied, you will be notified by the Income Tax Department. You may appeal the denial by filing Form 15G/H with the Income Tax Department.