Order u/s 119 of The Income Tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS u/s 195, 197 and 206C (9)

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..... rder u/s 119 of The Income Tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS u/s 195, 197 and 206C (9) reg. Due to outbreak of the pandemic Covid-19 virus, there is severe disruption in the normal working of almost all sectors, including functioning of the Income tax Department. In such a scenario, the applications filed by the payees u/s 195 and 197 of t .....

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..... or FY 2019-20, then such certificates would be applicable till 30.06.2020 of F.Y. 2020-21 or disposal of their applications by the Assessing Officers, whichever is earlier, in respect of the transaction and the deductor or collector if any, for whom the certificate was issued for F.Y. 2019-20. b) In cases where the assessees could not apply for issue of lower or nil deduction of TDS/TCS in the Tra .....

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..... nt Establishment in India and not covered by (a) and (b) above, tax on payments made will be deducted at the rate of 10% including surcharge and cess, on such payments till 30.06.2020 of F.Y. 2020-21, or disposal of their applications, whichever is earlier. (Mahesh Kumar) Director (IT-Budget), CBDT ANNEXURE Application for Lower/Nil Deduction Certificate : The applicant Shall apply for the Lower/N .....

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..... led via email and certificates will also be issued via email. Issuance of the Certificate : The certificate(s) shall be issued up to 30.06.2020 or any other date (earlier than 30.06.2020) as specified by the AO. The Assessing Officer shall communicate the issuance of certificate vide mail containing following information: S. No TAN of the deduct or PAN of the Deductee Financial Year Section under .....

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