Now the organizations can carry forward the benefit of lower deduction certificate received for FY 2019-20 till 30.06.2020.
A welcome order u/s 119 of the Income Tax has been passed by the Central Board of Direct Taxes on 31st March, 2020, wherein
a) If the assessee has applied for such certificate for FY 2020-21 but not received; or
b) The assessee was not able to apply but possess such certificate for FY 2019-20 need to apply as soon as possible once the normalcy is stored or 30.06.2020, whichever is earlier, in the manner prescribed in the order.