Issue of certificate for tax deducted at source in respect of payment made ‘net of tax’
Circular : No. 785, dated 24-11-1999.
1. Attention is invited to Board’s Circular No. 664, dated 29-9-1993 explaining the provisions of section 203 of Income-tax Act, 1961 under which the person deducting tax under any provision of Chapter XVII of the Income-tax Act, 1961 is required to furnish a certificate to the effect that tax has been deducted and to specify therein, inter alia, the amount deducted and any other particulars that may be prescribed.