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Applicability of section 206ab if business is new
Vendor started business in the previous year 2019-20...and filed late return and tds in his case is more than 50000...will 206ab attract??
Replies (2)
No. 206ab would not apply in this case I think.
A company located in Singapore is having a subsidiary office in India. Parent company (Singapore) deals in distribution & selling of medical Instrument via some dealers in India (India office is not involved in selling and all payments from customer/dealer end are directly made to Principal Company account in Singapore)
Section 206 AB will be applicable to Principal company in Singapore?
Section 206 AB will be applicable to Principal company in Singapore?
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