New Regime under Section 115BAC
The Finance Act, 2000 has incorporated numerous amendments along with introductions. One such example is the introduction of the new tax regime. Though it seems chaotic, in essence, it is one of the revolutions in…
TDS on Purchase of Goods
Important provisions relating to TDS on purchase of goods and Higher TDS rate for Non-filers are effective from 1st July, 2021. Followings are the new inserted provisions: (A) TDS on purchase of Goods: –The Finance Act, 2021 has introduced new section 194Q which shall be…