CBDT Clarifications Circular on TDS Provsions u/s 194-O, 194Q & 206C(1H) : Circular No 20/2021 CBDT

By | November 25, 2021
(Last Updated On: November 25, 2021)

Circular No 20/2021 CBDT

Dated 25.11.2021

The Central Board of Direct Taxes (CBDT) has issued another set of guidelines for removing certain difficulties in implementing the provisions of TDS and TCS under sections 194-O, 194Q & 206C(1H). The board has clarified that no TDS u/s 194-O is required on e-auction services. Further, following treatment of GST, TDS u/s 194Q shall not be deducted on the component of VAT, excise duty, etc., if the same is indicated separately in the invoice.

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