Please refer to the following guidelines for correct reporting of 197 Certificates:
- The Certificate Number should be of 10 digits with Alpha-numeric structure. Please refer to the following examples:
- Correct Format 1111AA111A;
- Incorrect Format: 1111AA111A/194C
- Certificate Number should be valid during the period for which it is quoted.
- The Certificate Number should be for the same PAN, Section Code and Section Rate for which it has been mentioned in the statement
- Threshold limit Amount of the Certificate should not be exceeded.
- Please ensure that the Certificate is not expired. Please refer to the following illustration:
- Lower deduction Certificate under section 197, issued in April 2013 (e.g. Certificate Number – 1) stands cancelled by Assessing Officer on 10/11/2013.
- A fresh certificate Under Section 197 (e.g. Certificate Number – 2) is issued with effect from 11/11/2013.
- Deductor quotes Certificate Number – 2 against the transactions recorded during the period from 01/11/2013 to 10/11/2013 in Q3 TDS statement.
- Deductor should have quoted Certificate Number – 1 for the transactions conducted till 10/11/2013.