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...
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) Loading... Taking too long?...
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...
![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)
