August 2022

Accounting Basics, Accounting Process, Tax Automation, Tax Law Changes, Tax Strategy

New TDS sections 194R and 194S

01 July 2022 marked another important date for the TDS provisions. It marked the introduction of new sections under the TDS chapter of the Income Tax, 1961. It remains in line with the directive of the government to bring more and more accountability and transparency in the economy. This time the government targeted new areas of the TDS application.

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