Reduced rates of TDS/TCS applicable from 14-05-2020

In the press conference held on May 13, 2020 the Finance Minister, Smt. Nirmala Sitharaman, announced that the rates of TDS/TCS in respect of specified payments/receipts shall be reduced by 25%. The CBDT has issued press release, dated 13-05-2020 wherein it has notified the reduced rates of TDS and TCS which are applicable for the period from 14-05-2020 to 31-03-2021. Such reduced rates of TDS and TCS are provided in this article

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