|
| Circumstances in which tax is not to be deducted at source or is to be deducted at a lower rate : |
| Section |
Type of Income |
Form No in which application to be made |
Certificate to be issued by the Assessing Officer |
Period of validity |
| 192 |
Salary (sec192) |
Form No 13 (see rule 28) |
Form No 15AA (see rule 28AA). The certificate is issued to the deductor under advice to the applicant |
Valid for the period specified in the certificate (see Rule 28AA) Fresh application required after expiry of validity period. |
| 193 |
Interest on securities (Section 193) |
-do- |
-do- |
-do- |
| 194A |
Interest other than interest on Securities (Section 194A) |
-do- |
-do- |
-do- |
| 194D |
Insurance Commission (Section 194D) |
-do- |
-do- |
-do- |
| 194I |
Rental Income (Section 194I) |
-do- |
-do- |
-do- |
| 194K |
Income in respect of Units (Section 194K) |
-do- |
-do- |
-do- |
| 195 |
Payment to non-residents (Section 195) |
10 |
10 |
|
| 194 |
Payment to Contractors or Sub-Contractors (Section (194) |
Form No.13C
(See Rule 28) |
No prescribed form. The certificate can be issued by the Assessing Officer on a plain paper |
For the relevant FY. |
| 194G |
Commission on sale of lottery tickets (sec 194G) |
Form No 13D (applies to lottery agents and not prize winners) |
-do- |
-do- |
| 194J |
Payment of fees for professional or technical services (sec 194J) |
Form No 13E |
-do- |
-do- |
| 195 (3) |
Payment to non-resident banking company (sec 195(3)) |
Form No 15C (see rule 29B) |
Form No 15E |
For the FY specified in the certificate |
| 195 (3) |
Payment to non-resident company carrying on business or profession in India through a branch (not being interest or dividend)-sec 195(3) |
Form No 15D (see rule 29B) |
-do- |
For the relevant FY |
|
| Types of income/payment where the above benefit is not available under the Act: |
|
| 1 |
Winning from Lottery or Crossword puzzles Section 194B |
| 2 |
Winning from horse race Section 194BB |
| 3 |
Payments to non-resident Sportsmen or Association Section 194E |
| 4 |
Payments in respect of NSS deposits Section 194EE |
| 5 |
Payments on account of repurchase of units issued by Mutual funds Section 194F |
| 6 |
Income in respect of units of non-residents, Off-shore Funds;foreign currency bonds; (FIIs) Section 196A,196B, 196C & 196D |
|
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