Lower tax deduction at source applies to specified payments with temporarily reduced rates under legislative amendment. Section 197B mandates a temporary reduction in tax deduction at source by requiring deduction at three fourths of the rate otherwise specified under the ... Summary
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Lower tax deduction at source applies to specified payments with temporarily reduced rates under legislative amendment.
Section 197B mandates a temporary reduction in tax deduction at source by requiring deduction at three fourths of the rate otherwise specified under the listed TDS provisions, applying notwithstanding the specified rates in those sections for the limited relief period.
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