- Home
- Lower Deduction Certificate
- Expert consultation
- End-to-end process
- Complete documentation for Form 13
When Should You Consider Applying for a Lower Tax Deduction Certificate
As a taxpayer earning income subject to TDS deduction, you may encounter a situation when the TDS amount is more than the tax liability of the recipient. You can handle it by obtaining a Lower Tax Deduction Certificate (LDC) under Section 197. You should consider applying for LDC in the following cases:
Loss-making businesses
Net total income is below the basic exemption limit
Receipt of payment from a property sale by an NRI from an Indian buyer
Other Income like Interest, dividend, etc which are subject to TDS
Schedule a Consultation at Rs850/-
For comprehensive insights and address into the Lower Tax Deduction Certificate process, schedule a consultation call with our NRI team
Why Seek Help from Tax Buddy to Apply for a Lower Deduction Certificate for TDS
If you are a non-resident planning to sell property in India or have income subjected to TDS, we can help you resolve the challenge with the Lower Tax Deduction Certificate. Our services facilitate the application process for securing the LDC, ensuring reduced tax obligations. Working with us opens up several benefits, such as:
Top-Notch Advisory Services
Our NRI tax specialists provide tailored guidance to address your unique needs and circumstances. We are with you throughout the process, addressing all queries and concerns to ensure clarity.
Seamless Process
From checking your documents to ensuring complete and correct details, we guide you about every part of the application. Our team ensures a zero-hassle and no-glitch process from start to end.
Adhere to Regulatory Standards
Since Form 13 requires adherence to the regulatory standards of section 197, we make sure that you do not falter at any point. With our experts showing the way, you never have to worry about anything going wrong.
Our Experts can Help you complete this checklist by doing all the heavy lifting.
Apply for Lower Tax Deduction Certificate for TDS: ₹15,550/-
Documents Required with Form 13
If you think that the steps of the LDC application are overwhelming, you may be even more surprised by the documents required with Form 13. These include:
Signed Form 13
PAN card copy
Tax Deduction Account Number (TAN) of parties paying you
Estimated income during the financial year
Computation of income statement for last 3 financial years
Estimated computation of income for the current financial year
Copies of assessment orders for the last 3 financial years (if applicable)
Copies of IT returns with enclosures and acknowledgment for the last 3 financial years
Copies of financial statements and audit reports for the last 3 financial years (if applicable)
Projected profit and loss account for the current financial year
Syed Faiyaz AhmadOwner, Ghani exports