Compliance Check Functionality for Section 206AB & 206CCA

Compliance Check Functionality for Section 206AB & 206CCA Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 1961 which takes effect from the 1st day of July 2021. These sections impose a higher TDS/TCS rate…

CBDT Clarification on New TCS Provisions

CBDT Clarification on New TCS Provisions The Finance Act, 2020, widens the scope of TCS provisions to cover the sale of goods, sale of overseas tour packages and overseas remittance of funds under the Reserve Bank of India's (RBI) Liberalized…