Home > Income Tax > Help Center > Form 13Last Updated: Jan 21st 2023
As per Income Tax Act 1961, Tax needs to be deducted at source (TDS) at the time of making any payment. The TDS deducted needs to be paid to the Government within due date and TDS returns needs to be filed.
Income tax department has introduced Section 197 to allow the taxpayers to apply Lower deduction/collection of TDS/TCS or Nil deduction/collection of TDS/TCS
In certain circumstances,
To avoid the above hardships faced by the taxpayers, Income tax department has introduced section 197 under Income Tax act 1961. Section 197 allows the taxpayers to apply for Lower deduction/collection of TDS/TCS or Nil deduction/collection of TDS/TCS
Form 13 is the application to apply for Lower deduction/collection of TDS/TCS or Nil deduction/collection of TDS/TCS. Form 13 needs to be filed only in Traces website. Once the form 13 is submitted In Traces portal, it will be forwarded to Jurisdictional Assessing officer for approval.
Form 13 can be filed by Residents, Non-Residents (NRI) and Resident but not ordinarily resident(RNOR). The taxpayer needs to submit his residential status while submitting Form 13 in Traces.
Following are the required details for Form 13
Note: In case of sale of property by NRI, Agreement of Sale, Sale deed at the time of purchase, copy of passport. Speak to EZTax for additional help.
Form 13 will be submitted to jurisdictional assessing officer and the jurisdictional assessing officer will be decided on the basis of state and district provided by the applicant in Form 13
Get help from Team EZTax.in to help requesting the Form 13 and/or TDS assessment, preparation and filing and follow through the end-end compliance.
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