New Child Certificate against certificate issued u/s 395 (1)
New Child Certificate against certificate issued u/s 395 (1)
Key Points about new Child Certificate against certificate issued u/s 395 (1) of Income tax Act 2025
When a taxpayer applies for a lower or nil Tax Deducted at Source (TDS) certificate using Form No. 128, but does not know the details of the payers (deductors) at the time of application, and the number of deductors is likely to exceed 100, they must file the application using Annexure-II of Form No. 128.
In such cases, the Assessing Officer (AO) initially issues a main certificate solely in the name of the applicant.
What is a Child Certificate?
As and when the taxpayer learns the details of the specific deductors, they are required to generate a “Child Certificate” to give to each deductor.
- Generated by Taxpayer: Unlike the main certificate which is issued by the AO, the child certificate is generated by the taxpayer based on the AO’s main certificate.
- Specific to Deductor: The taxpayer enters the specific details of the deductor who will be paying the income or transaction amount.
- Subject to Limits: A taxpayer can generate multiple child certificates, but the total amount across all child certificates must remain within the limit specified by the AO in the main certificate.
Role of the Deductor:
Once the deductor receives the child certificate from the taxpayer, they must deduct the tax according to the lower or nil rate specified in it. The deductor is also required to quote the details of this child certificate in their TDS statement when reporting the transaction.
How to Generate a Child Certificate:
To generate a new child certificate, the applicant must log in to the TRACES portal and follow this exact navigation path: TRACES login → Dashboard → Services → Generate and Download Child Certificate issued u/s 395(1) (Form No. 128 Annexure II).
Summary
Where the number of persons responsible for deducting the tax is likely to exceed 100 and details of such persons are not available with the applicant at the time of making application, the certificate may be issued in the name of the applicant authorizing him
–
(a) to receive specified payments at appropriate rate of deduction; and
(b) to generate appropriate certificate and provide to the person responsible for deducting tax
Related Post
Section 395 Income Tax Act 2025 Certificates.
Form 128 Income Tax Rules 2026 Application for issuance of certificate for lower or nil deduction of income-tax under section 395(1) and lower collection of income-tax under section 395(3)
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