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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on TDS on Rent |
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Whether payee can claim for nil/lower deduction of tax under section 194-I? |
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Ans. Yes, where estimated tax liability of an assessee justifies nil deduction of tax, he can file a declaration to the deductor for nil deduction of tax under Section 197A. Further, he also has the option to apply before the assessing officer for a nil or lower deduction certificate under Section 197. |
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