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Certificate of lower deduction or non-deduction of tax at source u/s 197 of the Act- matter reg. – Instruction No. 7/2009 F. No. 275/23/2007-IT(B)], dated 22nd / 23rd December, 2009

By Pinky Shah
Sonalee Godbole
Gaurang Gandhi
Tarun Ghia
Nimesh Dedhia
Vijay Kewalramani
Chartered Accountants
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25 Certificate of lower
deduction or non-deduction of tax at source u/s 197 of the Act- matter reg. –
Instruction No. 7/2009 F. No. 275/23/2007-IT(B)], dated 22nd / 23rd December,
2009 – Copy
available for down load on the website – www.bcasonline.org


CBDT vide the above Instructions have notified that prior
administrative approval of the CIT (TDS) is required before issuing certificate
u/s 197, where the cumulative amount of tax forgone by non-deduction/lower
deduction during the financial year for a particular assessee exceeds Rs. 50
lakh in Delhi, Mumbai, Chennai, Kolkata, Banglore, Hydrabad, Ahmadabad and Pune
and Rs. 10 lakh in other cities.

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