can i get detail about form 15AA when applicable?

Answer 1

Form 15AA can be downloaded from site :
http://66.94.231.168/search/cache?search=form+15AA&ei=UTF-8&fr=ks-ques&p=form+15AA&u=incometaxdelhi.nic.in/pdf/form15AA.pdf&w=form+15aa&d=F8yMfGP9NDeP&icp=1&.intl=in

It is Certificate under section 197(1) of the Income-tax Act, 1961,relating to deduction of tax issued by Assessing Officer.

The section 197 reads as :
Certificate for deduction at lower rate.

197. (1) [Subject to rules made under sub-section (2A), [where, in the case of any income of any person [or sum payable to any person], income-tax is required to be deducted at the time of credit or, as the case may be, at the time of payment at the rates in force under the provisions of sections 192, 193, [194,] 194A, [194C,] 194D, [194G] [,194H] [, 194-I] [, 194J] [, 194K] [***] [, 194LA] and 195, the Assessing Officer is satisfied] that the total income [***] of the recipient justifies the deduction of income-tax [***] at any lower rates or no deduction of income-tax [***], as the case may be, the 12[Assessing] Officer shall, on an application made by the assessee in this behalf, give to him such certificate as may be appropriate.

(2) Where any such certificate is given, the person responsible for paying the income shall, until such certificate is cancelled by the [Assessing] Officer, deduct income-tax [***] at the rates specified in such certificate or deduct no tax, as the case may be.

[(2A) The Board may, having regard to the convenience of assessees and the interests of revenue, by notification in the Official Gazette, make rules specifying the cases in which, and the circumstances under which, an application may be made for the grant of a certificate under sub-section (1) and the conditions subject to which such certificate may be granted and providing for all other matters connected therewith.]