Order u/s 119 of the Income tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS o/s 195, 197 and 206C (9) of the Act for Financial Year 2019-20

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....hi 03rd  April, 2020 Subject: Order u/s 119 of the Income tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS u/s 195, 197 and 206C (9) of the Act for Financial Year 2019-20-reg. Due to outbreak of pandemic Covid-19 virus, there is severe disruption in the normal working of almost all sectors of economy including functioning of the Income Tax D....

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....ebiting the amount in his books of account for FY 2019-20. 2. Considering the constraints of the Field Officers in disposing of the pending applications for lower or nil rate of TDS/TCS for FY 2019-20 and to mitigate hardships of payees and buyers/licensees/lessees, the CBDT issues following directions/clarifications by exercise of its powers u/s 119 of the Act. 3. In all the cases where assesse....