TMI BlogNon deduction of income tax u/s 195 - Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D through TRACES notified.X X X X Extracts X X X X X X X X Extracts X X X X ..... es for grant of certificate to a person entitled to receive interest or other sum on which income tax is to be deducted under section 195(1) of the Income-tax Act, 1961 without deduction of tax at source. For the purpose, an application has to be made by the person to the Assessing Officer (hereinafter referred to as AO ) in the prescribed form. 2. Rule 29B of the Income-tax Rules, 1962 prescribes the rules for making application for certificate authorising receipt of interest and other sums without deduction of tax in such cases. Rule 29B(3) of the Income-tax Rules, 1962 provides that the application shall be made by a banking company or insurer in Form No. 15C and by any other person who carries on business or professio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n) for login and filling application in Form No. 15C or Form No. 15D . Detailed procedure for registration can be accessed through the link https:/(contents.tdscpc.gov.in/en/e-tutoriaI-taxpaver.html 4.3 The applicant shall login at TRACES website (www.tdscpc.gov.in) and submit Form No. 15C or Form No. 15D along with supporting documents using any of the following: (i) Digital Signature, (ii) Electronic Verification Code, (iii) AADHAR based Authentication, (iv) Mobile OTP. 4.4 Applicants accessing TRACES website from outside of India shall login at TRACES website and submit application in Form No. 15C or Form No. 15D along with supporting documents using Digital Signature only. 4.5 The applicant can track the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ocess the application through TRACES - AO Portal after login using their credentials. 6.1.1 By navigating through the path 'Lower/No Deduction Certificate Generate Certificate Certificate us/195(3) and select 'Open Request (s)'. the AO will 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 tax-payer/Deductee received from other modules. (iv) Information essential for processing the request in respect of the tax-payer/Deductee, as available at CPC(TDS). 6.1.2 If the AO requires any further information or documents or clarification from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... strative approval to the recommendation of the AO or otherwise. 6.2.2 The Range Head can view the application details, received for administrative approval, through the path 'Lower/No Deduction Certificate Generate Certificate Certificate u/s 195(3 ) 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 tax-payer/Deductee received from other modules. (iv) Information essential for processing the request in respect of the tax-payer/Deductee, as available at CPC(TDS). (v) Recommendat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through TRACES - AO Portal. 6.3.4 The Range Head may either send back the application to the AO for obtaining the clarification or submit the case to CIT along with the clarifications as required by the CIT through TRACES - AO Portal. 6.3.5 Based on the information available and the report of the Range Head and the AO, the CIT shall take a decision in the case. 6.3.6 After a final decision in the application has been taken by the CIT, the application will be marked back electronically on AO Portal to the AO for issuance of the certificate or rejection of the application. 7. Issuance of Certificate: 7.1 On receipt of approval of the jurisdictional CIT, the AO shall generate a certificate on TRACES - AO Portal through the p ..... X X X X Extracts X X X X X X X X Extracts X X X X
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