Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Tax Authority Directs Timely Disposal of TDS/TCS Applications Under Section 119 Due to COVID-19 Delays</h1> The tax authority issued directions under section 119 of the Income Tax Act, 1961, addressing delays in processing applications for lower or nil deduction/collection of TDS/TCS under sections 195, 197, and 206C(9) for the financial year 2019-20 due to the COVID-19 pandemic. Assessees who timely filed such applications on the TRACES Portal but faced pending disposal must notify the concerned Assessing Officer via email with necessary documents. Officers are directed to dispose of these applications by April 27, 2020, and communicate the decision by email. Certificates issued will apply to amounts credited or debited during FY 2019-20 after the application date but unpaid or unrecovered until certificate issuance. Applicants must share the certificates with the deductor or collector to ensure correct tax deduction or collection.