2019-20, such certificate will be applicable till of F.Y. Cases where the assessees could not apply for issue of lower or nil deduction of TDS/TCS in the Traces Portal for the FY 2020-21 but were having the certificates for F.Y.2020-21 or disposal of their applications by the Assessing Officers, whichever is earlier, in respect of the transaction and the deductor or collector if any, for Assessees who have filed application for lower or nil deduction of TDS/TCS on the Traces Portal for F.Y.2020-21 and whose applications are pending for disposal as on date and they have been issued such certificates for FY 2019-20, then such certificates would be applicable till of F.Y.
This will safeguard the small tax payers against TDS where there is no tax liability. 2019-20, then these Forms would be valid up to. Latest amendment on TDS provisions due to Covid-19 Validity of Form 15G and 15H and Lower deduction certificateĬBDT issues orders u/s 119 of IT Act, 1961 to mitigate hardships to taxpayers arising out of compliance of TDS/TCS provisions:
