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CBDT: TDS applicable on buyer-seller transactions above Rs 50 lakh after July 1, 2021

CBDT: TDS applicable on buyer-seller transactions above Rs 50 lakh after July 1, 2021

The Board has clarified that threshold of Rs 50 lakh for triggering TDS shall be computed from April 1, 2021 and GST component will have to be segregated at the time of credit.


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30 June 2021, 19:23