Revised TDS, TCS rates

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Hi Community,

Is there major changes regarding revised TDS, TCS rates that we need to look out for in our operations? A reference document would be very helpful.

Thank you.

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2

Hi @Anushree

CBDT has reduced the TDS/TCS rate by 25% through press release dated 13/05/2020. However, No official notification is being released by CBDT till now for reduction of TDS/TSC rate. On detailed analysis, I come to know that CBDT has reduced the TDS/TCS rate in most of cases but not in all cases as explained in my compilation.

Ref:https://taxguru.in/income-tax/updated-reduced-tds-tcs-rate-chart-f-y-2020-21.html

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