The Central Board of Direct Taxes on 3rd April 2020 has notified an order on certificate of lower or NIL deduction of TDS/TCS to relax the burden of lock down.
Applications filed for lower or NIL deduction of TDS/TCS on the TRACES portal for FY 2020-21 and are pending for disposal, the Assessing Officers shall dispose of by 27.04.2020 and communicate to the applicant regarding the issuance/rejection of certificate vide email.
The certificate issued for lower/nil rate TDS or lower TCS shall be applicable for the amount credited/debited during the FY 2019-20 after the date of making of application u/s 195,197 or 206C(9), but remained unpaid or not received till the date of issuance of the certificate by the Assessing Officer.
Click here to read the Notification.
