NEW PROVISION INSERTED BY FINANCE ACT 2021 FOR HIGHER TDS AND TCS (206AB, 206CCA) (APPLICABLE W.E.F. 1ST JULY 2021)
SECTION 206AB [HIGHER RATE OF TDS] WHO ARE COVERED UNDER THIS PROVISIONS? Every Person (resident or non-resident) who is required to Deduct TDS other than exemption list is covered under this provision. Under this Provisions, Tax Deduction would be higher of following if payment made to Specified Person : (i) at twice the rate specified […]
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