{"id":13897,"date":"2019-09-06T12:21:25","date_gmt":"2019-09-06T06:51:25","guid":{"rendered":"http:\/\/itatonline.org\/info\/?p=13897"},"modified":"2019-09-06T12:21:25","modified_gmt":"2019-09-06T06:51:25","slug":"cbdt-modifies-system-for-approval-of-applications-u-s-197-for-low-tds-u-s-195","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/cbdt-modifies-system-for-approval-of-applications-u-s-197-for-low-tds-u-s-195\/","title":{"rendered":"CBDT Modifies System For Approval Of Applications U\/s 197 For Low TDS U\/s 195"},"content":{"rendered":"<p>The CBDT has vide Office Memorandum dated 2nd September, 2019 specified a modification in the new system of approval in respect of application under section 197 of Income Tax Act<\/p>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- responsive --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6440093791992877\"\n     data-ad-slot=\"6406297397\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script> <\/p>\n<div class=\"journal2\"><a href=\"https:\/\/itatonline.org\/info\/cbdt-197-tds-om\/#blurbdl\">Click here to download Office Memorandum dated 2nd September, 2019<\/a><\/div>\n<blockquote><p>F.No.275\/16\/2019-IT(B)<br \/>\nGovernment of India<br \/>\nMinistry of Finance, Department of Revenue<br \/>\nCentral Board of Direct Taxes<br \/>\n*****<br \/>\nNorth Block, New Delhi 2nd September, 2019<\/p>\n<p>Office Memorandum<\/p>\n<p>Subject: Modification in the new system of approval in respect of application under section 197 of Income Tax Act<\/p>\n<p>Reference may be made to the Board&#8217;s Instruction No. 7 of 2009 dated 23.12.2009 vide which prior administrative approva l of Commissioner of Income Tax was prescribed for issue of certificate under section 197 of the Income -Tax Act, where the tax forgone exceeded specified thresholds. <\/p>\n<p>Various administrative and systematic difficulties related to such amount of revenue forgone under the newly introduced system of online applicat ion uls 195\/197 of the LT. Act 1961 in respect of non-resident taxpayers were brought to the notice of the Board. <\/p>\n<p>To address these difficulties, a proposal for raising the threshold of revenue forgone<br \/>\nwas made so as to balance the needs of supervisory control and expeditious grant of certificate .<\/p>\n<p>2. The above matter has been examined in the Board and it has been decided to raise threshold of revenue effect for issue of certificates under section 197\/195 needing approval of the Commissioner of Income Tax (IntI. Taxation) to Rs. 10 Crore. <\/p>\n<p>This threshold will be applicable for all stations in respect of all applications of non-resident taxpayers either pending as on date or filed hereafter.<\/p>\n<p>This issues with the approval of the Chairman , CBDT.<\/p>\n<p>(Naveen Kapoor)<br \/>\nUnder Secretary to the Govt. of India<br \/>\nPh. No. 011-23094182<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The CBDT has vide Office Memorandum dated 2nd September, 2019 specified a modification in the new system of approval in respect of application under section 197 of Income Tax Act<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/cbdt-modifies-system-for-approval-of-applications-u-s-197-for-low-tds-u-s-195\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-13897","post","type-post","status-publish","format-standard","hentry","category-all-information","category-others"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/13897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=13897"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/13897\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=13897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=13897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=13897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}