Changes in compliance functionality for S.206AB and S.206CCA, for ease of tax deductors/collectors

Finance Act, 2021 inserted two new sections (S.)206AB and 206CCA in the Income Tax Act,1961 (ITA) w.e.f 1 July 2021. These sections impose a higher rate of Tax Deducted at Source (TDS)/Tax Collected at Source (TCS) on the ‘Specified Persons’.

RBSA Advisors - Thumbanil Amendment in Compliance Functionality Website Inside

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