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Articles by Divyam Agarwal

Section 194Q of the Income tax Act 1961

Divyam Agarwal 28 June 2021 at 18:50

The Finance Act, 2021 has introduced a new section called Section 194Q of the Income Tax Act 1961, which mandates the specified buyer to deduct TDS on the purchase of goods from the resident seller.

Section 206AB of the Income Tax Act, 1961

Divyam Agarwal 14 June 2021 at 17:05

Discussing the provisions of section 206AB, exemption available under the section, rate of TDS, applicability of the section with section 206AA, meaning of the term 'specified person' and effective date of the section.