Certificate for collection of tax at lower rates from buyer under sub-section (9) of section 206C

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..... of rule 37G is satisfied that existing and estimated tax liability of a person justifies the collection of tax at lower rate, the Assessing Officer shall issue a certificate in accordance with the provisions of sub-section (9) of section 206C for collection of tax at such lower rate; (1A) The existing and estimated tax liability referred to in sub-rule (1) shall be determined by the Assessi .....

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..... riod. (3) An application for a fresh certificate may be made, if required, after the expiry of the period of validity of the earlier certificate given under sub-rule (1). (4) The certificate shall be valid only for the person named therein. (5) The certificate shall be issued direct to the person responsible for collecting the tax under advice to the buyer who made an application for issu .....

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..... rate than the relevant rate specified in sub-section (1) or sub-section (1C) of section 206C, he shall, on an application made by the buyer or licensee or lessee under rule 37G, give to him a certificate for collection of tax at such lower rate than the relevant rate specified in sub-section (1) or sub-section (1C) of that section. 2 . Inserted vide Notification No. 74/2018 dated 25-10-2018 .....

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