Transmission line effects depend upon ratio of the length of the transmission line to the wavelength of the highest frequency of interest traveling along the transmission line. If the length of the transmission line is less than, say 1/10th of the wavelength of the maximum frequency of interest, then one often chooses to ignore transmission line effects. The ratio of 1/10 used to decide when to ignore transmission line effects is somewhat arbitrary. You could use 1/15 or 1/20. But in practice 1/10 is often used.
The maximum frequency of interest is typically higher than the frequency of a pulse train. Pulse trains typically consist of "square" pulses. The rise time of the pulses generally determines the maximum frequency of interest. The shorter the rise time, the higher the maximum frequency of interest. An alternative rule of thumb is that if the rise time is longer than (or maybe twice as long as) the time it takes for a signal to travel the length of a transmission line and back, then transmission line effects may be ignored.
With that in mind, at "low" frequencies (where "low frequencies" is defined in relationship to the length of the transmission line) the capacitance and inductance of the transmission line may be treated as lumped elements.
This is just a rule of thumb, and others may give different variations, but if you have a reasonably sized PCB, and your max clock rate is 10 MHz or less, you can treat the trace capacitances and inductances as lumped elements.