TRACES PORTAL UPDATE: If you are experiencing excessive TDS deductions beyond your tax liability as per Indian Income Tax Law, you have the option to apply for Lower/Nil deduction of TDS with the tax authorities, leading to improved cash flow. Please note that the functionality for filing this application for Lower/Nil deduction certificate will be available for:
- FY 2023-24 until 15 March 2024
- FY 2024-25 from 28 February 2024
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