The Taxation and Corporate Law Forum of Vidarbha Industries Association (VIA) will conduct a session on “TDS on Purchase of Goods U/s 194Q, it’s interplay with TCS U/s 206C(1H) and Higher TDS rate for non-filer of IT Returns” on June 29 from 4 p.m to 5 p.m through Zoom platform. The expert on the subject, CA Abhay Agrawal will guide the participants about Section 194Q of the Income Tax Act, which is recently introduced vide the Finance Act, 2021. Under section 194Q it is provided for TDS by the person responsible for paying any sum to any resident for purchase of goods.
This new section 194Q is proposed to be applicable from July 1, 2021 Though it seems to be a very small change so far as various TDS provisions of the Income Tax Law are concerned, it carries very vital and important ramifications on purchase transactions. The session is free of cost and is open for all. People may take the advantage of the session. The programme will be immensely helpful for trade and industries. For details and registration contact CA Naresh Jakhotia, Treasurer - VIA (9422860300) or CA Sachin Jajodia, Convener - VIA Taxation & Corporate Law Forum ( 9822472255) or VIA : 0712-2554090 / 2561211 / 9922386398. interested persons may join Zoom at 3.50 pm, zoom Meeting ID : https://us02web.zoom.us/j/83087656087 or Meeting ID: 830 8765 6087.