New TDS Provisions w.e.f. July 1, 2021
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New TDS Provisions w.e.f. July 1, 2021

29 Jun New TDS Provisions w.e.f. July 1, 2021

Posted at 09:48h in Uncategorized by
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Government of India through Finance Act, 2021 has introduced two new Sections of TDS which shall be applicable w.e.f. Jul 1, 2021. These two new provisions cover TDS on Purchase of Goods and Higher Rate of TDS on non-filers of Income Tax Returns.
In the document provided here, we have explained the applicability of these provisions and necessary changes that may be required in accounting due to these provisions. 
We recommend going through the below document for timely implementation of required changes-

Download

Feel free to contact us for any clarifications.

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