Note on Amendments to TDS /TCS Provisions Effective from 1st JULY 2021

The salient features of Section 194 Q, Section 206 AB, and Section 206 CCA inserted in the Finance Act 2021 which are effective from 1st July 2021 are as under: 1. 194Q – TDS to be deducted on purchase more than INR 50,00,000 Summary TDS should be deducted in case of purchases at the rate […]