Budget 2021- Resolve the issue of three unknowns and two equations

The issuance of certificate under section 197 of the Income-tax Act (the Act) has reference to provisions of section 195 of the Act, according to which any person entitled to receive any interest or other sum on which income-tax has to be deducted under sub-section (1) of section 195 of the Act may make an application in the prescribed form to the Assessing Officer for the grant of a certificate authorising him to receive such interest or other sum without deduction of tax under that sub-sectionThe issuance of certificate under section 197 of the Income-tax Act (the Act) has reference to provisions of section 195 of the Act, according to which any person entitled to receive any interest or other sum on which income-tax has to be deducted under sub-section (1) of section 195 of the Act may make an application in the prescribed form to the Assessing Officer for the grant of a certificate authorising him to receive such interest or other sum without deduction of tax under that sub-sectiontaxmann.com Latest ArticlesRead More

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