Interplay between Section 194Q and 206C(1H) By Anand Gupta TaxGuru

Interplay between Section 194Q and 206C(1H) Finance Act, 2020 had introduced provisions relating to TCS on sale of goods u/s 206(1H). Finance Act, 2021 introduced provisions relating to TDS on purchase of goods u/s 194Q to cover those transactions which were left uncovered by section 206C(1H). These amendments have increased the compliance burden for the taxpayer as it impacts the most […]

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