Post by Figment Global Solutions Private Limited

📢 *Major Shift in LDC (Lower Deduction Certificate) Framework – Action Required* The recent update under Section 395(1) of the Income-tax Act, 2025 brings a significant change in the LDC process via TRACES. ⚠️ *Key Change* ➡️ Master LDC Certificate will NOT be valid for quoting in TDS returns ➡️ Child LDC Certificates (payer-wise) must now be generated through TRACES 🧩 *Revised Process* 1️⃣ Obtain Master LDC Certificate 2️⃣ From 1st April 2026: • Login to TRACES • Generate Child LDC Certificates (payer-wise) 3️⃣ Share Child Certificate Number with each payer 4️⃣ Payer must quote Child Certificate Number in TDS return ✅ *Action Required:* Ensure timely generation and sharing of Child Certificates to avoid TDS defaults #IncomeTax2025 #TDS #LDC #LowerDeductionCertificate #TaxCompliance #TRACES #TaxUpdates #DirectTax #FinanceUpdate #TaxProfessionals #CharteredAccountants #ComplianceMatters #TaxPlanning #IndiaTax #FinanceIndustry #TaxAdvisory #RegulatoryUpdate #TaxLaw #CorporateCompliance #TaxIndia