A Lower Deduction Certificate is a mechanism provided under the Income Tax Act, 1961, that allows eligible taxpayers to reduce the rate of Tax Deducted at Source (TDS) on certain types of income. This certificate is particularly relevant for individuals,... Read more
Tax Deducted at Source (TDS) is an important compliance mechanism under the Indian Income Tax Act, and it applies to both resident and non-resident taxpayers. For Non-Resident Indians (NRIs), TDS is often deducted at higher rates, especially on income such... Read more
When it comes to taxation, accuracy and compliance are essential. One common area where taxpayers often face challenges is while applying for a Lower TDS Deduction Certificate under Section 197 of the Income Tax Act. This certificate helps in ensuring... Read more