Can I read Ministry of Finance - Press Release May 13, 2020 on EtoBox?

Ministry of Finance - Press Release May 13, 2020 by arti.harshi is a document available to read on EtoBox.

What is Ministry of Finance - Press Release May 13, 2020 about?

The Ministry of Finance has announced a 25% reduction in Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) rates for various specified payments and receipts, effective from May 14, 2020, to March 31, 2021, to aid taxpayers during the COVID-19 pandemic. The document outlines the existing and reduced rates for multiple categories, including interest, dividends, and commissions. It also specifies that no reductions will apply where higher rates are mandated due to non-furnishing of PAN/Aadhaar.

Author

arti.harshi

Language

EN