TMI BlogProcedure, format and standards for filing an application for grant of certificate for deduction of Income-tax at any lower rate or no deduction of Income-tax under sub-section (1) of Section 197 / collection of the tax at any lower rate under subsection (9) of Section 206C of the Income-tax Act, 1961 through TRACESX X X X Extracts X X X X X X X X Extracts X X X X ..... er rate or no deduction of Income-tax under sub-section (1) of Section 197 / collection of the tax at any lower rate under sub-section (9) of Section 206C of the Income-tax Act, 1961 through TRACES- reg. 1. As per sub-section (1) of section 197 of the Income-tax Act, 1961, where, in the case of any income of any person or sum payable to any person, income-tax is required to be deducted at the time of credit or, as the case may be, at the time of payment at the rates in force under the provisions of sections 192 , 193 , 194 , 194A , 194C , 194D, 194G , 194H , 194-1 , 194J , 194K , 194LA [ 194LBB , 194LBC ] and 195 , if the Assessing Officer is satisfied that the total income of the recipient justifies the deduction of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Central Board of Direct Taxes, under sub-rule (2) of Rule 28 / sub-rule (2) of Rule 37G of the Income-tax Rules, 1962, the Principal Director General of Income-tax (Systems) hereby specifies the procedure, format and standards for the purpose of electronic filing of Form No. 13 and generation of certificate under sub-section (1) of section 197 / sub-section (9) of section 206C through TRACES, as per procedure in the succeeding paragraphs. 4. Procedure for electronic filing of Form 13 shall be as follows: 4.1 The tax-payer/Deductee shall login in to the TRACES website for submission of application in Form 13 electronically, for grant of certificate for deduction of Income-tax at any lower rate or no deduction of Inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assigned to the DCIT/ACIT exercising jurisdiction over T DS matters, and in other cases, the applications shall be assigned to the ITO exercising jurisdiction over TDS matters. If the jurisdiction orders are otherwise, the applications shall be assigned in accordance to such jurisdiction orders. 5.3 For applications filed in remaining cities / towns / jurisdictions, the applications where revenue foregone exceeds a sum of ₹ 10 Lakh, application shall be assigned to the DCIT/ACIT exercising jurisdiction over T DS matters, and in other cases, the applications shall be assigned to the ITO exercising jurisdiction over T DS matters. If the jurisdiction orders are otherwise, the applications shall be assigned in accordance to such jurisd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Assessing Officer shall be able to access the following information: (i) Information furnished by the tax-payer/Deductee. (ii) Documents submitted by the tax-payer/Deductee. (iii) Information essential for processing the request in respect of the taxpayer/Deductee, as received from CPC (ITR), E-filing and ITBA. (iv) Information essential for processing the request in respect of the taxpayer/Deductee, as available at CPC (TDS). 6.1.2 If the Assessing Officer requires any further clarification or information or documents from the applicant for arriving at his / her decision, the same shall be obtained online using the option Seek Clarification available within the functionality. The query raised by the Assessing Officer s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pproval to the recommendation of the AO or otherwise. 6.2.1 The Range Head may view the application details, received for administrative approval, through the path 'Lower/No Deduction Certificate Generate Certificate Certificate u/s 197(1) / 206C (9) and select 'Open Request(s)' . The following information will be available for viewing by the Range Head: (i) Information furnished by the tax-payer/Deductee. (ii) Documents submitted by the tax-payer/Deductee. (iii) Information essential for processing the request in respect of the taxpayer/Deductee, as received from CPC (ITR), E-filing and ITBA. (iv) Information essential for processing the request in respect of the taxpayer/Deductee, as available at CPC (TD ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Generate Certificate Certificate u/s (9) and select 'Open Request(s)'. The following information will be available for viewing by the CIT: (i) Information furnished by the tax-payer/Deductee. (ii) Documents submitted by the tax-payer/Deductee. (iii) Information essential for processing the request in respect of the taxpayer/Deductee, as received from CPC (ITR), E-filing and ITBA. (iv) Information essential for processing the request in respect of the taxpayer/Deductee as available at CPC (TDS). (v) Recommendation of the TDS Assessing Officer. (vi) Recommendation of the Range Head. 6.3.2 If any clarification is required by the CIT, the application may be sent back to the Range Head through TRACES AO-Portal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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