194Q & 206C(1H)


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Quick Summary
Budget 2024 has introduced changes to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations. Notably, individuals making purchases exceeding ₹50 lakh can now apply for a lower TDS rate certificate. This update specifically includes provisions for Section 194Q deductions, offering potential savings for businesses.

30 September 2024 What amendment made through budget 2024 in relation to TDS & TCS.

30 September 2024 Applying for a lower TDS rate certificate with purchases exceeding ₹50 lakh can now include Section 194Q deductions.

11 October 2024 Good luck ....


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