CBDT – Issue nil TDS certificate to deductor & lower TDS certificate to recipient of income

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION NO. 46/2014

 

New Delhi, 24th September, 2014

 

In exercise of the powers conferred by section 295 read with section 197 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income tax Rules, 1962, namely:

1. (1) These rules may be called the Income-tax (9th Amendment) Rules, 2014.

    (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962,-

(a) in rule 28AA, for sub-rule (4) and sub-rule (5), the following sub-rules shall be substituted, namely:-

(4) The certificate for no deduction of tax shall be valid only with regard to the person responsible for deducting the tax and named therein.

(5) The certificate referred to in sub-rule (4) shall be issued direct to the person responsible for deducting the tax under advice to the person who made an application for issue of such certificate.

(6) The certificate for deduction of tax at lower rate shall be issued to the person who made an application for issue of such certificate, authorising him to receive income or sum after deduction of tax at lower rate.;

(b) in Appendix-II, for Form No.13, the following Form shall be substituted, namely:-

Form No.13

 

[See rules 28 and 37G]

Application by a person for a certificate under sections 197

and/or 206C(9) of the Income-tax Act, 1961, for no

*deduction/collection of tax or *deduction/collection of tax at a lower rate

 

Click here to download the complete notification and form.

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