TMI BlogCentral Board of Direct Taxes hereby makes the following rules further to (Second Amendment) Rules, 2011 - Substitution of rule 28AA and Form No. 13 in Appendix II and amendment in rule 31AX X X X Extracts X X X X X X X X Extracts X X X X ..... the following rule shall be substituted, namely:- Certificate for deduction at lower rates or no deduction of tax from income other than dividends. 28AA. (1) Where the Assessing Officer, on an application made by a person under sub-rule (1) of rule 28 is satisfied that existing and estimated tax liability of a person justifies the deduction of tax at lower rate or no deduction of tax, as the case may be, the Assessing Officer shall issue a certificate in accordance with the provisions of sub-section (1) of section 197 for deduction of tax at such lower rate or no deduction of tax. (2) The existing and estimated liability referred to in sub-rule (1) shall be determined by the Assessing Officer after taking into consideration the following:- (i) tax payable on estimated income of the previous year relevant to the assessment year; (ii) tax payable on the assessed or returned income, as the case may be, of the last three previous years; (iii) existing liability under the Income-tax Act,1961 and Wealth-tax Act,1957; (iv) advance tax payment for the assessment year relevant to the previous year till the date of making application under sub-rule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deduct income-tax/to deduct income-tax at the rate of____________per cent at the time of payment to me of such income/sum. The particulars of my income and other details are as per para 2.and/or I,____________________________________________of__________________________________do, hereby, request that a certificate may be issued to the seller, being the person responsible for collecting the tax from me in respect of the amount payable by me as the buyer of_____________________________[specify the nature of goods referred to in the Table in sub-section (1) of section 206C ]/lessee or licensee of _______________________________________________________[specify the nature of contract or licence or lease referred to in the Table in sub-section (1C) of section 206C ] (Strike out whichever is not applicable) authorizing him to collect income-tax at the rate of____________________per cent at the time of debit of such amount to my account or receipt thereof from me, as the case may be. The particulars of my income and other details are as per para 2. 2. The particulars of my income and other details are as under : (i) Status (State whether individual, Hindu undivided family ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ious years) Previous year Gross sales, turnover receipt of business or profession Gross profit Net profit In rupees In percentage to amount stated in column (1) In rupees In percentage to amount stated in column (1) (1) (2) (3) (4) (5) (6) (ix) Details of existing liability under Income-tax Act, 1961 and Wealth-tax Act, 1957: Assessment Year/ period Liability under the Income-tax Act, 1961 Amount payable under the Wealth-tax Act, 1957 Amount payable in respect of advance-tax Amount payable for self-assessment tax Amount for which notice of demand under section 156 has been served but not paid. Amount payable as deductor or collector which had become due but not paid. (1) (2) (3) (4) (5) (6) ( x) Assessment year to which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Address Strike out whichever is not applicable. ANNEXURE I [For the purpose of tax deduction at source] Please furnish the particulars with the Schedules below in respect of the payments for which the certificate is sought. SCHEDULE I Description of securities Number of securities Date of securities Amount of securities Estimated amount of interest to be received (1) (2) (3) (4) (5) SCHEDULE II Sl.No. Name and address of the person to whom the sums are given on Interest Amount of such sums The date on which such sums were given on interest Period for which such sums were given on Interest Rate of interest Estimated amount of interest to be received (1) (2) (3) (4) (5) (6) (7) SCHEDULE III Sl.No Name and address of person responsible for paying insurance commission Estimate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... immediately succeeding year (1) (2) (3) (4) (5) (6) SCHEDULE X Sl.No. Name and address of person(s) responsible for paying commission, remuneration or prize (by whatever name called) on the sale of lottery tickets Estimated amount of commission/remuneration/prize to be received(strike out whichever is not applicable) (1) (2) (3) SCHEDULE XI Sl.No. Name and address of person(s) responsible for paying fees for professional/technical services Estimated amount of fees for professional/technical services to be received (strike out whichever is not applicable) (1) (2) (3) SCHEDULE XII Sl.No. Name and address of person responsible for paying compensation or enhanced compensation or the consideration or enhanced consideration on account of compulsory acquisition of immovable property Estimated amount of compensation or the enhanced compensation or consideration or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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