Clarification on orders dated 31.03.2020 and 03.04.2020 issued under Section 119 of the Income-Tax Act, 1961 (the Act) by CBDT vide F. No. 275/25/2020-IT(B) regarding issuance of certificate for lower rate/nil deduction/collection of TDS/TCS u/s. 195, 197 and 206C(9) of the Income-Tax Act, 1961

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..... Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated 09th April, 2020 Subject : Clarification on orders dated 31.03.2020 and 03.04.2020 issued under Section 119 of the Income-Tax Act, 1961 (the Act) by CBDT vide F. No. 275/25/2020-IT(B) regarding issuance of certificate for lower rate/nil deduction/collection of TDS/TCS u/s. .....

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..... to 30.06.2020 for F.Y. 2020-21 subject to conditions as mentioned in the order dated 31.03.2020. For example, if a certificate was issued for a period from 01.10.2019 to 15.12.2019, the same shall be valid for F.Y. 2019-20 for the period from 01.10.2019 to 15.12.2019, and for F.Y. 2020-21 the same shall be valid from 01.04.2020 to 30.06.2020 subject to conditions as mentioned in the order dated 31 .....

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..... deduction/collection certificates and for communication of the same (iv) Issue of new/different TAN mentioned for lower/nil deduction/collection application for FY 2020-21 or revision of rates mentioned in certificates of FY 2019-20: In case the payee or buyer licensee lessee taxpayer had a certificate for lower deduction for FY 2019-20 and an application has been made for FY 3020-21 for a ne .....

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