TDS/TCS Provisions – Union Budget 2021
The pragmatic Budget of 2021 introduces new TDS/ TCS provisions with a view to not only minimize tax evasion, insinuate higher TDS/TCS rates in case of non-filing of Income Tax Return, but also for creating trail for the purpose of tax collection. Section 194P – Relaxation from filing ITR (Effective 1st Apr’21) Senior citizens of…