Budget 2024 proposed 10% TDS on government bonds: You can still pay lower or zero TDS with this certificate

TDS on government bonds: Budget 2024 imposed a TDS on interest income earned from government bonds. Atul Puri, SW India says, "In a case where TDS is required to be deducted & AO is satisfied that the total income of the recipient justifies deduction of tax at a lower rate or no deduction of tax, the AO shall, on an application made by the Assessee, give him/her such certificate as may be appropriate for lower or Nil deduction of tax."

from Tax-Wealth-Economic Times https://ift.tt/a1QUKBo