Section 206AB

TDS 95 views 2 replies

All we know the provisions of section 206AB will be applicable w.e.f. 01-07-2021.

I just want to confirm whether, it applies for payment & deductions made from 01.07.2021 (or) for expenses such as interest, rent made up to 30.06.2021 and TDS deducted thereafter from 01.07.2021

Thanks in advance!

Replies (2)

If you have accounted them (as well as deducted tax at source) in Jun itself, then 206AB would not apply. If tax is deducted from July onwards, 206AB would apply.

A company located in Singapore is having a subsidiary office in India. Parent company 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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register