On 05th April 2023, the Central Board of Indirect Taxes (CBDT) issued a notification in regard to the clarification of TDS under Section 192 to be read with Section 115BAC, Sub Section (1A) of the Income Tax Act, 1961.
This Circular is in the suspension of Circular No. Cl of 2020 issued on 13th April 2020 and shall be applicable for TDS during the financial year 2023-24 and the subsequent year.