https://www.taxtmi.com/article/detailed?id=9679 The Finance Bill, 2021 adds sectoral and procedural amendments to TDS/TCS: dividend withholding exemptions extend to certain business trusts and notified persons; infrastructure debt funds are treated like infrastructure capital funds for interest withholding; Section 194P lets specified senior citizens have their specified bank compute and deduct tax on total income and exempts them from filing returns under the cited provision; Section 194Q imposes buyer side TDS on large buyers for high value goods purchases and deems suspense account credits as seller credit; Sections 206AB and 206CCA impose higher TDS/TCS on specified non filers, excluding nonresidents without permanent establishment. en-us Fri, 12 Feb 2021 11:59:34 +0530 Fri, 12 Feb 2021 11:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9679 The Finance Bill, 2021 adds sectoral and procedural amendments to TDS/TCS: dividend withholding exemptions extend to certain business trusts and notified persons; infrastructure debt funds are treated like infrastructure capital funds for interest withholding; Section 194P lets specified senior citizens have their specified bank compute and deduct tax on total income and exempts them from filing returns under the cited provision; Section 194Q imposes buyer side TDS on large buyers for high value goods purchases and deems suspense account credits as seller credit; Sections 206AB and 206CCA impose higher TDS/TCS on specified non filers, excluding nonresidents without permanent establishment. Articles Income Tax Fri, 12 Feb 2021 11:59:34 +0530 https://www.taxtmi.com/article/detailed?id=9679