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

 Notice Date : 13 April 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 131h April, 2020

Subject: Clarification regarding short deduction ofTDSITCS due to increase in rates of surcharge by Finance (No.2) Act, 20l9-reg.

The Finance (No.2) Bill,20 19 was tablcd 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 l SI August, 2019. The Act provided for increase in the rate of surcharge as under:

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on 14 April 2020
Circular No : 8/2020
Published in Income Tax
Source : , https://www.incometaxindia.gov.in/communications/circular/circular_8_2020.pdf

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