People are locked in homes due to Corona virus. At the same time, the Finance Ministry on Tuesday announced relief to those applying for low tax or zero tax deduction in view of the difficulties related to COVID-19. The Central Board of Direct Taxes (CBDT), through an order, has given a major relief to taxpayers, whose application for reduced or zero TDS / TCS deduction is pending for disposal.
Regarding this decision, the department has said that the people who were issued certificates for the financial year 2019-20 and if their application is pending, then the validity of that certificate is now being extended till June 30, 2020. At the same time, the taxpayers who were issued a certificate of reduced or zero deduction in 2019-20 and who have not been able to apply for this certificate in the financial year 2020-21, also extended the period of validity of the certificate to June 30, 2020.
For your information, let us tell you that many such people have applied for a low or zero tax deduction, who did not get the certificate for the financial year 2019-20. The CBDT has amended the process of application for this and the procedure for settlement of such a case. At the same, CBDT has said that with the outbreak of COVID-19 infection, the functioning of almost all sectors has been severely disrupted. He has said that the income tax department has also been affected due to this disease.
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