Analysis of Section 194Q of Income Tax Act along with Section 206C(1H)

CA Harshawardhan Nigade , Last updated: 17 May 2021 Share Follow on Google News

Analysis of Section 194Q of Income Tax Act The Finance Act 2020 inserted Sub-Section (1H) in Section 206C, which provides collection of Tax by Seller in case of consideration for Sales of Goods exceeds Rs. 50 Lacs in year. And of course with New Year with New Finance Act 2021 new Section 194Q

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About the Author

CA Harshawardhan Nigade

Chartered Accountant

I am Chartered Accountant and Currently working with one of the Manufacturing Company as Senior Executive Finance. I have Experience in Direct taxation, International Taxationand Indirect Taxation. Also I have Experience in Statutory Audit of various companies engaged in different sectors of business.

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