Comparison of sections 194Q with 206C(1H)

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Last updated: 12 June 2021
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This document provides a clear comparison between Section 194Q and Section 206C(1H) of the Income-tax Act, focusing on tax implications for buyers and sellers of goods. It details who is liable, the definitions of buyer and seller, threshold limits, TDS/TCS rates, and effective dates. This information is crucial for businesses and individuals involved in transactions exceeding Rs. 50 Lakh to ensure compliance with tax regulations.

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Comparison of Sections 194Q and 206C(1H) #pdf
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Submitted by · Posted 12 June 2021 · Other files by Ankit Neema · Report
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