CBDT issues orders u/s 119 of IT Act,1961 to mitigate hardships to taxpayers arising out of compliance of TDS/TCS provisions https://www.taxtmi.com/news?id=22729 CBDT directed that existing lower or nil TDS/TCS certificates issued for the prior fiscal year remain effective for the current year until 30.06.2020 or until disposal of pending applications, and the same interim relief applies to assessees unable to file fresh applications, subject to prompt submission of transaction and deductor/collector details to the TDS/TCS Assessing Officer; Assessing Officers must dispose pending lower/nil applications through a liberal, expedited procedure, and valid Forms 15G/15H already submitted remain effective up to 30.06.2020. en-us Sat, 04 Apr 2020 17:44:35 +0530 Sat, 04 Apr 2020 17:44:35 +0530 TaxTMI RSS Generator CBDT issues orders u/s 119 of IT Act,1961 to mitigate hardships to taxpayers arising out of compliance of TDS/TCS provisions https://www.taxtmi.com/news?id=22729 CBDT directed that existing lower or nil TDS/TCS certificates issued for the prior fiscal year remain effective for the current year until 30.06.2020 or until disposal of pending applications, and the same interim relief applies to assessees unable to file fresh applications, subject to prompt submission of transaction and deductor/collector details to the TDS/TCS Assessing Officer; Assessing Officers must dispose pending lower/nil applications through a liberal, expedited procedure, and valid Forms 15G/15H already submitted remain effective up to 30.06.2020. News - Sat, 04 Apr 2020 17:44:35 +0530 https://www.taxtmi.com/news?id=22729