Section 194Q vs Section 206C (1H) of The Income Tax Act, 1961

Ashok Pitroda , Last updated: 07 June 2021  
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Finance Act 2020had amended Section 206C of the Income-tax Act 1961 by inserting a new subsection (1H) that says that tax shall be collected by the seller from the buyer if there is a sale of goods to such buyer andthe seller receives any amount as consideration for the sale of any goods of the valu

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Published by

Ashok Pitroda
(Accounting Professionals)
Category Income Tax   Report

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