Govt cuts TDS, TCS rates by 25% till March 2021
Updated : May 13, 2020 06:09 PM IST
The payment for contract, professional fees, interest, rent, dividend, commission, brokerage, etc. will be eligible for this reduced rate of TDS.
This reduction will be applicable for the remaining part of the FY 2020-21 i.e. from May 14 to March 31, 2021.
"This move will release Rs 50,000 crore into the system," Sitharaman said.