Section 197B of the Income Tax Act


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Section 197B of the Income Tax Act: Lower deduction in certain cases for a limited period

In case the provisions of sections 193194194A194C194D194DA194EE194F194G194H194-I194-IA194-IB194-IC194J194K194LA, sub-section (1) of section 194LBA, clause (i) of section 194LBB, sub-section (1) of section 194LBCsections 194M and 194-O require deduction of tax at source during the period commencing from the 14th day of May, 2020 to the 31st day of March, 2021, then notwithstanding anything contained in these sections the deduction of tax shall be made at the rate being the three-fourth of the rate specified in these sections.


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