With effect from the Financial year  2018-19 (AY 2019-20) The CBDT vide Notification No. 08/2018 dated 31.12.2018 had laid down new Procedure for application and issuance of lower deduction / collection of Certificates u/s 197/206C (9), which is applicable for sections 192,193,194,194A,194C,194D, 194G,194H,194I,194J,194K, 194LA 194LBB,194LBC  and 195 (non-resident). The process for this depicted below in a diagram;

3-New Procedure for Lower Deduction (or) Collection of Tax at Source

Notification No.08/2018 Dated:- 09/01/2018


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