Reduction in rate of tax deduction at source (TDS) for the period from 14.05.2020 to 31.03.2021: OM Dtd. 05 Nov 2020

Reduction in rate of tax deduction at source (TDS) for the period from 14.05.2020 to 31.03.2021: OM Dtd. 05 Nov 2020

Government of India
Directorate General of Works
Central Public Works Department

No. 158/SE(TAS)/2020/427

Dated: 05/11/2020

OFFICE MEMORANDUM

Sub: Reduction in rate of tax deduction at source (TDS)

In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the Govt. of India, vide Gazette Notification (Extraordinary) No. 63 dated 29.09.2020 has reduced the rate of tax deduction at source (TDS) for the period from 14.05.2020 to 31.03.2021.

The reduced rate is given below:

The reduced rate as mentioned in Gazette Notification/Press release may be complied with while making payment to contractors during the specified period.

This issues with the approval of DG, CPWD.

View: Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees: Finance Ministry News

View: Income Tax Faceless Assessment Scheme, Rules; Procedure of Assessment: Income Tax Notification No. 60/2020

Encl: Gazette Notification dated 29.09.2020 and CBDT Press release dated 13.05.2020

(Divakar Agrawal)
Superintending Engineer (TAS)

Copy to:

1. All SDGs/ADGs/CEs/CPMs/SEs/PMs and EEs CPWD and PWD Govt. of Delhi.

Source: [https://cpwd.gov.in/WriteReadData/gstorder/47591.pdf]