Professional tax is mandatory in your state! Avoid penalties. Apply Now
Certificate of Lower TDS
A Certificate of Lower Tax Deduction at Source (TDS) is issued by the Income Tax Department to taxpayers who are eligible for a lower rate of TDS deduction on certain payments. The purpose of this certificate is to reduce the tax burden on the recipient of income, ensuring that TDS is deducted at a lower rate than the standard rate prescribed under the Income Tax Act, 1961.You can choose My Dream Consultant as Top Income Tax Consultant .
Request A Call Back
Our Process
4 Steps For Get Our Services
What Is Certificate of Lower TDS ?
A Certificate of Lower Tax Deduction at Source (TDS) is issued by the Income Tax Department to taxpayers who are eligible for a lower rate of TDS deduction on certain payments. The purpose of this certificate is to reduce the tax burden on the recipient of income, ensuring that TDS is deducted at a lower rate than the standard rate prescribed under the Income Tax Act, 1961.You can choose My Dream Consultant as Top Income Tax Consultant .
Who needs Certificate of Lower TDS ?
- Individual Taxpayers:
- Corporate Taxpayers:.
- Non-Resident Taxpayers:
- Special Category Taxpayers:.
- Taxpayers with Tax Treaty Benefits:.
What are the Types Of Certificate of Lower TDS ?
- Individual Taxpayers:
- Non-Resident Taxpayers:
- Senior Citizens:
- Businesses and Entities:
- Entities with Lower Tax Liability:
- Special Cases:
What are the Documents Required For Certificate of Lower TDS ?
- Application Form:.
- Identity Proof:.
- Address Proof:.
- Income Proof:.
- Tax Residency Certificate (TRC):.
- Self-Declaration:.
- Any Other Supporting Documents:.
What are the Benefits Of Certificate of Lower TDS ?:
- Reduced Tax Burden:.
- Improved Cash Flow:.
- Increased Income:.
- Tax Planning:.
- Compliance with Tax Laws:.
- Ease of Tax Refunds:.
- Encouragement of Investments:.
- Enhanced Cash Flow Management:.
What is the Stepwise Process Of Certificate of Lower TDS?
- Assess Eligibility:
- The taxpayer assesses their eligibility for a lower rate of TDS deduction on certain income payments based on their income, tax residency status, and applicable provisions of the Income Tax Act, 1961, or Double Taxation Avoidance Agreements (DTAA).
- Gather Documents:
- The taxpayer gathers the necessary documents required for obtaining a Certificate of Lower TDS, such as identity proof, address proof, income proof, Tax Residency Certificate (TRC) (if applicable), and any other supporting documents.
- Fill Application Form:
- The taxpayer fills out the prescribed application form for requesting a Certificate of Lower TDS. The form may be available online or obtained from the tax authorities’ office.
- Attach Documents:
- The taxpayer attaches all required documents, including proof of identity, address, income, and any other supporting documents, to the application form.
- Submit Application:
- The taxpayer submits the completed application form along with the attached documents to the designated tax authority or Income Tax Department office. The application may be submitted in person or through online portals, if available.
- Verification and Processing:
- The Income Tax Department verifies the details provided in the application form and the supporting documents submitted by the taxpayer. They assess the taxpayer’s eligibility for a lower rate of TDS deduction based on the applicable provisions of the Income Tax Act or DTAA.
- Issue Certificate:
- If satisfied with the taxpayer’s eligibility and documentation, the Income Tax Department issues the Certificate of Lower TDS specifying the reduced rate of TDS applicable to the taxpayer.
- Receive Certificate:
- The taxpayer receives the Certificate of Lower TDS from the tax authorities either through physical mail or electronically, depending on the mode of communication chosen at the time of application.
- Provide Certificate to Deductor:
- The taxpayer provides a copy of the Certificate of Lower TDS to the deductor (payer) who is required to deduct TDS on payments made to the taxpayer at the reduced rate specified in the certificate.
- TDS Deduction at Lower Rate:
- The deductor deducts TDS from payments to the taxpayer at the reduced rate specified in the Certificate of Lower TDS.
Frequently Asked Questions
Pricing Plans
A BITE PACK
12999/-
- DSC for Two Partner
- DIN for Two Partner
- Name approval of the Company
- MOA & AOA for the Company
- Certificate of Incorporation (COI)
- PAN Number for the LLP
- TAN Number for the LLP
- FREE ACCOUNTING APP
2 BITE PACK
13499/-
- DSC for Two Partner
- DIN for Two Partner
- Name approval of the Company
- MOA & AOA for the Company
- Certificate of Incorporation (COI)
- PAN Number for the LLP
- TAN Number for the LLP
- FREE ACCOUNTING APP
- MSME REGISTRATION
- CURRENT ACCOUNT OPENING
Z BITE PACK
14999/-
- DSC for Two Partner
- DIN for Two Partner
- Name approval of the Company
- MOA & AOA for the Company
- Certificate of Incorporation (COI)
- PAN Number for the LLP
- TAN Number for the LLP
- Dedicated Account Manager
- FREE ACCOUNTING APP
- MSME REGISTRATION
- CURRENT ACCOUNT OPENING
- GST REGISTRATION
Our Offices
Why Choose Us ?
Recognized by Startup India
ISO Certified (9001:2015 )
25+ Branches at Pan India Level
Hassle Fre Process
Trained & Professional Experts
Technology Integration
Transparent Communication
Accuracy and Compliance
Popular Services
Testimonial
Real Reviews from Our Clients About Tangible Results
"Experience the difference with My Dream Consultant, hailed as the Best CA Firm in Jaipur. Whether you're starting a new venture or seeking ROC advisory, their expertise and personalized approach make them the ideal partner for success.".
"When it comes to company incorporation, My Dream Consultant stands out as the Best Company Incorporation Consultant in Jaipur. Their streamlined process and attention to detail make them the top choice for entrepreneurs."
"For top-notch ISO consultancy services, look no further than My Dream Consultant in Jaipur. Their expertise and attention to detail ensure seamless certification processes. Trust them to elevate your business standards."
"Experience peace of mind knowing you're in the hands of the Best CA Firm in Jaipur with My Dream Consultant. Their proactive strategies and efficient solutions make them the preferred choice for businesses and individuals alike."
We Collaborate with the top 200+ companies worldwide
Kartavya Harwani