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TDS/TCS Rates Reduction; Deadline Extensions; Faster Refunds : Tax Measures Announced By FM As COVID-19 Relief
LIVELAW NEWS NETWORK
13 May 2020 6:00 PM IST
The Union Finance Minister Nirmala Sitharaman announced a slew of tax measures as part of the COVID-19 related economic stimulus package.In order to provide more funds at the disposal of the taxpayers, the rates of Tax Deduction at Source ( TDS ) for non-salaried specified payments made to residents and rates of Tax Collection at Source (TCS) for the specified receipts shall be reduced by 25%...
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