Guideline on TDS/TCS under Section 194O, section 194Q & Section 206C

Guideline on TDS/TCS under Section 194O, section 194Q & Section 206C The Central Board of Direct Taxes (CBDT) has issued the further Guidelines for Section 194-O, Section 194Q, and Section 206C (1-I) of Income Tax Act, 1961 vide a Circular…

Guidelines for Section 194-O and Section 206C (1-I) of Income Tax Act, 1961

Guidelines for Section 194-O and Section 206C (1-I) of Income Tax Act, 1961 Finance Act, 2020 inserted a new section 194-O and sub-section (1H) of section 206C which mandates that with effect from the 1st day of October 2020. After…