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Applicability of reduced rates of TDS, Income Tax

Issue Id: - 116627
Dated: 18-8-2020
By:- Krishna Murthy

Applicability of reduced rates of TDS


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Sir, there was a press release from the Finance Ministry regarding reduced rates of TDS by 25% on 13 May 2020. Is there any official notification issued by the Government in this matter of reduced rates of TDS. If not so, then it is mandatory to deduct TDS at the actual rates. Please comment on this sir.

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1 Dated: 3-3-2021
By:- DR.MARIAPPAN GOVINDARAJAN

The period for TDS at reduce rates is from 14.05.2020 to 31.03.2021. During this period TDS may be recovered at reduced rate.


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