Order u/s 119 of the Income tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS o/s 195, 197 and 206C (9) of the Act for Financial Year 2019-20

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..... Central Board of Direct North Block. New Delhi 03 rd April, 2020 Subject: 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) of the Act for Financial Year 2019-20-reg. Due to outbreak of pandemic Covid-19 virus, there is severe disruption in the normal w .....

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..... e deducted/collected by the payer and seller/licensor/lessor at the time of crediting/debiting the amount in his books of account for FY 2019-20. 2. Considering the constraints of the Field Officers in disposing of the pending applications for lower or nil rate of TDS/TCS for FY 2019-20 and to mitigate hardships of payees and buyers/licensees/lessees, the CBDT issues following directions/clar .....

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..... 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. 5. The issuance of certificate shall be communicated to the a .....

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