E1: 75I: India-Tax Deducted at Source (TDS) -194Q Amendments Union Budget 2021-22
(Doc ID 2783092.1)
Last updated on JUNE 09, 2021
Applies to:JD Edwards EnterpriseOne Accounts Payable - Version 9.2 and later
Information in this document applies to any platform.
As per the Union Budget 2021-22 a new section 194Q is proposed to be applicable from 1st July 2021. It is provided in the fifth provision to the section that if TDS is deducted on the transaction under any other section of the Income Tax Act (other than TCS collected under section 206 C (1H) of the Act) then TDS under 194Q is not required to be deducted on that transaction.
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