CBDT extends the validity of lower or Nil TDS, TCS Certificate till 30th June

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.