TDS and TCS on purchase and sale of goods

CA. Arpan Jain , Last updated: 18 June 2021  
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TDS u/s 194Q, which was introduced via Finance 2021 has a stark similarity to Section 206C (1H) which was introduced in Finance Act 2020. As per Section 194Q,TDS will be deducted if purchase from a single buyer exceeds Rs. 50 lakh during the current year (Only on amount exceeding 50 lakh). On the ot

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CA. Arpan Jain
(Chartered Accountant)
Category Income Tax   Report

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