Non deduction of income tax u/s 195 - Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D through TRACES notified. - 01/2023 - Income Tax

..... (hereinafter referred to as AO ) in the prescribed form. 2. Rule 29B of the Income-tax Rules, 1962 prescribes the rules for making application for certificate authorising receipt of interest and other sums without deduction of tax in such cases. Rule 29B(3) of the Income-tax Rules, 1962 provides that the application shall be made by a banking company or insurer in Form No. 15C and by any other person who carries on business or profession in India through a branch in Form 15D . 3. In exercise of the powers delegated by the Central Board of Direct Taxes under sub-rule (1) of Rule 131 of the Income-tax Rules, 1962 , the Director General of Income-tax (Systems) hereby specifies- a. Form No. 15C and Form No. 15D prescribed under Rule 29B(3) of t .....

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Non deduction of income tax u/s 195 - Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D through TRACES notified. - 01/2023 - Income Tax

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..... lowing: (i) Digital Signature, (ii) Electronic Verification Code, (iii) AADHAR based Authentication, (iv) Mobile OTP. 4.4 Applicants accessing TRACES website from outside of India shall login at TRACES website and submit application in Form No. 15C or Form No. 15D along with supporting documents using Digital Signature only. 4.5 The applicant can track the status of the application through option 'Track Request for Form 13 / 15C / 15D ' under the tab 'Statements/Forms'. 5. Procedure for assignment of application to the TDS AOs in the International Taxation charges: 5.1 The application will be assigned to the TDS AO in the International Taxation charges on the basis of details furnished by the applicant in Form No. 15C or For .....

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Non deduction of income tax u/s 195 - Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D through TRACES notified. - 01/2023 - Income Tax

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..... st in respect of the tax-payer/Deductee received from other modules. (iv) Information essential for processing the request in respect of the tax-payer/Deductee, as available at CPC(TDS). 6.1.2 If the AO requires any further information or documents or clarification from the applicant for arriving at a decision, the same shall be obtained online using the option Seek Clarification available within the functionality through the path (TDS AO login- Lower/No Deduction Certificate- Certificate u/s 195(3) - Open Request- Request Number- Seek Clarification ). 6.1.3 The query raised by the AO shall be forwarded to the applicant through systems for furnishing a suitable response. The query will be available to the applicant in the inbox at TRACES Po .....

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Non deduction of income tax u/s 195 - Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D through TRACES notified. - 01/2023 - Income Tax

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..... ing the request in respect of the tax-payer/Deductee received from other modules. (iv) Information essential for processing the request in respect of the tax-payer/Deductee, as available at CPC(TDS). (v) Recommendation of the TDS AO. 6.2.3 If any clarification is required by the Range Head, the application may be sent back to the AO through TRACES - AO Portal. After submission of clarification by the AO through the AO Portal, the Range Head shall take a decision on the application. 6.2.4 Once the Range Head has taken a decision on the application, it will be forwarded to the CIT concerned for according administrative approval. 6.3 Role of the CIT: 6.3.1 The CIT shall process the application through TRACES - AO Portal after login using their .....

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Non deduction of income tax u/s 195 - Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D through TRACES notified. - 01/2023 - Income Tax

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..... Issuance of Certificate: 7.1 On receipt of approval of the jurisdictional CIT, the AO shall generate a certificate on TRACES - AO Portal through the path ( TDS AO login- Lower/No Deduction Certificate Certificate u/s 195(3)- Received from Range Head/ClT- Request Number- Generate Certificate/Close Reques t). 7.2 The issued certificates shall be available to the AO for view through the path 'Lower / No Deduction Certificate History Certificate issued' . 7.3 The status of request/application shall be available to the Range Head through the path ( Range Head login- Lower/No Deduction Certificate- History- Certificate Requests ) 7.4 The generated certificates shall be available for download to the applicant on their TRACES login. The ce .....

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Non deduction of income tax u/s 195 - Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D through TRACES notified. - 01/2023 - Income Tax

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