This downloadable PDF provides a clear flowchart for understanding TDS and TCS obligations under Sections 194Q, 206C(1H), 206AB, 206CC, and 206CCA for the Financial Year 2021-22. It helps purchasers and sellers determine their responsibilities regarding tax deductions and collections based on various criteria like turnover, aggregate payments, and PAN details. This guide is particularly useful for businesses and individuals needing to comply with Indian tax regulations.
Presenting Newly inserted section 194Q, 206AB & 206CCA along with 206C(1) and 206CC of the Income Tax Act, 1961 in self-explanatory flowchart which are effective from 01-07-2021. Useful for business having turnover of more than ₹ 10 Crore and also person dealing such businesses. #pdf