Govt Issues Guidelines- inserted a new section 194S in the Income-tax Act, 1961 with effect from 1st July 2022

Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961 Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022. The new section mandates a person, who is responsible for paying to any resident …

Govt Issues Guidelines- inserted a new section 194S in the Income-tax Act, 1961 with effect from 1st July 2022 Read More »