TMI BlogCertificate of no deduction of tax or deduction at lower rates from dividendsX X X X Extracts X X X X X X X X Extracts X X X X ..... tes or no deduction of income-tax, as the case may be, shall, on an application made under sub-rule (1) of rule 28 by the assessee, give him a certificate authorising the payment of a dividend to him, under sub-section (1) of section 197, without deduction of tax or, as the case may be, after deduction of tax at rates lower than the rates in force only if the following conditions are satisfied, na ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n, unless it is cancelled by him at any time before the expiry of the specified period. An application for a fresh certificate may be made, if required, after the expiry of the period of validity of the earlier certificate. (3) The certificate shall be valid only for the person named therein, and shall cease to be operative from the date of notice to the company of the transfer of any of the sh ..... X X X X Extracts X X X X X X X X Extracts X X X X
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