19 June 2021
Please help me on the bellow doubts .
1. Sec 206 AB to collect TDS at Higher rate . Is this 206AB Applicable to Services provided to Individual or Company ? 2. Sec 194Q and 206C (1H) both are applicable who is liable to deduction? TDS or TCS?
19 June 2021
i have shared file TDS 206AB and 206CCA and 194Q
1.206AB applicable for all Assessee
2The tax shall not be deducted under this provision if the tax is deductible or collectible under any other provision except Section 206C(1H). Thus, if a transaction is subject to TCS under Section 206C(1H), the buyer shall have the first obligation to deduct the tax. If he does so, the seller will not have any obligation to collect the tax under Section 206C(1H).
CAclubindia
