Lower or Nil TDS Certificate to Go Online; Rules Being Framed by Income Tax Department: MoS Finance

Lower or nil TDS certificates to go fully online soon, rules being framed

New rules are being prepared for electronic applications for lower TDS certificates. Taxpayers can soon apply online for reduced or nil tax deductions. This initiative aims to ease compliance burdens for small taxpayers. The Income Tax department disposed of many appeals in the last fiscal year. Faceless assessments were also completed, though fewer than previously.

Lower or nil TDS certificate to go online; rules being framed by Income Tax department: MoS Finance

The Income Tax department is currently in the process of framing rules to implement the 2026-27 Budget provision that allows taxpayers to electronically apply for lower or nil TDS certificates electronically, Parliament was informed on Monday.

Govt to introduce electronic system for lower, nil TDS certificates

New Delhi: The Income Tax Department is framing rules to implement a Budget 2026-27 provision that will allow taxpayers to electronically apply for certificates for deduction of tax at source (TDS) at lower or nil rates, the government informed Parliament on Monday.  In a written reply to the Lok Sabha, Union MoS for Finance Pankaj Choudhary said Section 395(1) of the Income-tax Act, 2025 provides for issuance of certificates for deduction of ta…

I-T rules for online lower, nil TDS certificates soon: MoS Finance

The Income Tax department is currently in the process of framing rules to implement the 2026-27 Budget provision that allows taxpayers to electronically apply for lower or nil TDS certificates electronically, Parliament was informed on Monday.