by Anil Kumar Tenneti | Aug 1, 2021 | INCOME TAX
As per Section 57 of Finance Act 2021 which is given effect from 1/07/2021- Section 206 AB and 206CCA was introduced which specifies deduction of TDS/TCS at double the rate of original rate with a minimum limit of 5% if the payee has not filed...
![Central Board of Direct Taxes [CBDT] has released compliance check facility for Section 206AB & Section 206CCA](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/06/IMG_20210610_071310-2b739d7e.jpg?resize=1080%2C605&ssl=1)
by CA Jayprakash Pandey | Jun 22, 2021 | INCOME TAX
This Facility has been introduced vide circular number 11/2021. Now, Quick Reference Guide and FAQ issued w.r.t to above compliance facility. Compliance Check for Section 206AB & 206CCA Quick Reference Guide Version 1.0 (June 2021) [embeddoc...
by CA Jayprakash Pandey | Jun 21, 2021 | INCOME TAX
Check what Finance Act 2021 says ? Earlier Article “stringent-provisions-under-the-income-tax-act-1961”, we discussed on section 194Q in details. Now, in this article we will discuss on Section 206 AB. There are certain rules about to change from July 1, 2021 in...
by CA Jayprakash Pandey | Jun 20, 2021 | INCOME TAX
DID you KNOW? The Finance Act, 2021 introduced following stringent provisions under Income Tax Act, applicable from 1stof July, 2021. TDS ON PURCHASE OF GOODS [SECTION 194Q] (We can check out difference between corresponding section 206C(1H) – W.E.F...
