CBDT Clarify short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No. 2) Act, 2019 

By | April 14, 2020
(Last Updated On: April 14, 2020)

Circular No. 8/2020 : Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No. 2) Act, 2019

Circular No. 8/2020

F. No. 370133/S/2020-TPL
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
(TPL Division)

Room No. 147B-II, North Block, New Delhi
Dated 13h April, 2020

Subject: Clarification regarding short deduction of TDS /TCS due to increase in rates of surcharge by Finance (No.2) Act, 2019-reg.
The Finance (No.2) Bill,20 19 was tabled in Lok Sabha on 51h July, 2019 which was passed by both the houses of Parliament and became Finance (No.2) Act, 2019 (the Act) which received assent of the President on lst August, 2019. The Act provided for increase in the rate of surcharge as under:

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