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Blog # 24. AO to accept application & issue certificate for nil/lower deduction of tax via email: CBDT
1 min read2 viewsby Advocate Mohit Balani
Due to outbreak of pandemic COVID-19, the Assessing Officer finding difficulties in disposing of the applications for lower or nil rate of TDS/TCS. Thus, to mitigate hardship of assessees, the Central Board of Direct Taxes (CBDT) has…
| Due to outbreak of pandemic COVID-19, the Assessing Officer finding difficulties in disposing of the applications for lower or nil rate of TDS/TCS. Thus, to mitigate hardship of assessees, the Central Board of Direct Taxes (CBDT) has issued following directions and clarifications: |
| a) In case the application is pending, the certificate issued to assessee in the Financial Year (FY) 2019-20 will be applicable for FY 2020-21 as well till June 30, 2020 or disposal of their application, whichever is earlier. |
| b) In case asseessee couldn’t apply for issue of lower or nil deduction of TDS/TCS certificate, he can also use certificate issued for FY 2019-20 till June 30, 2020. However, he needs to apply at the earliest giving details of the transactions. |
| c) In case of assessee who is not having such certificate for FY 2019-20, can apply for application for lower or nil TDS/TCS certificate vide e-mail addressed to the concerned Assessing Officer. Certificate will be issued to him via email. The Email shall contain the following documents: |
| i. Form-13 |
| ii. Documents/informations required to be uploaded on TDS-CPC website while filing up Form-13 |
| iii. Projected Balance Sheet and P&L account for FY 2020-21 |
| iv. Provisional Balance Sheet and P&L account for FY 2019-20 |
| v. Balance Sheet and P&L account for FY 2018-19 |
| vi. Form-26AS for FY 2019-20 and FY 2018-19 |
| vii. ITR pertaining to FY pertaining to FY 2018-19 |
| d) In case payment is being made to Non-resident having Permanent
Establishment in India, tax shall be deducted at the rate of 10% including
surcharge and cess till June 30, 2020 or disposal of application of
assessee, whichever is earlier (for assessee’s not falling in (a)
or (b) category). Order u/s 119, dated 31-03-2020 |
This article is published for information. It is a general discussion of the law as the author understands it, it is not legal advice, and it must not be relied upon in place of advice on the facts of a particular matter.