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%. This concession in the rate shall be available for the tax deducted or collected between 14-05-2020 till 31-03-2021. As the reduced rates shall come in force from tomorrow, that is, 14-05-2020, we have enumerated the tentative rates of TDS/TCS in the table.
from taxmann.com News https://ift.tt/3fUO3rI
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