The Finance Ministry has invited comments from Stakeholders and General Public on Proposed Amendments to Income Tax Rules, 1962 by 4th September 2018.
The Income Tax Rules, 1962 (I.T.Rules) prescribe Form No.13 for filing an application for seeking a certificate under Section 197 and/or under Section 206C (9) of the Income Tax Act, 1961, for no deduction of tax or deduction/collection of tax at lower rate.
In order to rationalise and make the process of issuance of the certificate for no deduction of tax or deduction/collection of tax at lower rate electronic, the existing Form No.13 and relevant I.T. Rules are required to be amended. This is vital for minimising the human interface and reducing the compliance burden on the applicant.
Comments and suggestions on the Draft Notification may be sent by 4th September 2018 electronically at the email address ts.mapwal@nic.in.
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