NIL TDS Certificate issued to each deductor separately

With effect from 24th September, 2014, Certificate for NIL TDS under section 197 to be issued to each deductor separately. No Nil TDS Certificate shall be valid if issued otherwise than to the person responsible for deducting the tax. However, common certificate for lower deduction of TDS to be issued to deductee only. Notification No. 46/2014 w.e.f 24-09-2014. Continue reading