Extending the scope for deduction of tax at source to lower or nil rate

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..... es for assessee to apply to the Assessing Officer for TDS at zero rate or lower rate, if the tax is required to be deducted under sections 192, 193, 194, 194A, 194C, 194D, 194G, 194H, 194-I, 194J, 194K, 194LA, 194LBB, 194LBC, 194M, 194-O and 195 of the Act. If the Assessing Officer is satisfied that the total income of the recipient justifies the deduction of income-tax at any lower rates or zero .....

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..... sums on which tax is required to be deducted under section 194LBA of the Act shall also be eligible for certificate for deduction at lower rate. 4. This amendment will take effect from 1st April, 2023. [clause 88] Full Text : Union Budget 2023-24 + FINANCE Bill, 2023 - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Management India - t .....

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