Tag 206CCA

New TDS & TCS Deductions from 1st July

New TDS & TCS Deductions from 1st July

The CBDT (Central Board of Direct Taxes), via finance Act, 2021, has introduced new sections under the Income-tax Act, which contains provisions related to the TDS & TCS for non-filers of the income-tax returns and TDS on payment of a…

Section 206AB & section 206CCA Explained

Section 206AB & section 206CCA Explained

Section 206AB & section 206CCA inserted in the Income-tax Act, 1961 via Finance bill, 2021 will be effective from the 1st day of July, 2021. Section 206AB & section 206CCA of the Income-tax Act, 1961 imposes a higher rate of…