Clarification issued by CBDT vide no. 08/2020 dated 13th April, 2020 regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No. 2) Act, 2019.
For details please refer the attached document:-
This document has been prepared in summary form by Dewan P. N. Chopra & Co. based on Circular No. 8/2020 issued by CBDT dated 13th April 2020. For further details, please refer the said circular as per link attached above. While the information is believed to be accurate to the best of our knowledge, we do not make any representations or warranties, express or implied, as to the accuracy or completeness of such information. Reader should conduct and rely upon their own examination, investigation and analysis and are advised to seek their own professional advice. The information and data contained herein is not a substitute for the reader’s independent evaluation and analysis. This document is not an offer, invitation, advice or solicitation of any kind. We accept no responsibility for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies on it.