Tag: TDS Deduction limit in 2020-21

Article Deductions Income Tax Latest Tax News & Updates Notification Tax Article Tax News

Tax audit turnover threshold limit increased-Amendment of section 44AB. ||Amend in Due date of furnishing Tax report -Amendment of section 139.||TDS/TCS Deduction limit

Advocate Birbal SharmaComment(0)

Tax audit turnover threshold limit increased to 5 crores Rupees for business (Amendment of section 44AB of the Act).  (A) in clause (a),–– (i) the word “or” occurring at the end shall be omitted; (ii) the following proviso shall be inserted, namely:–– Tax audit turnover threshold limit increased to  5 crores rupees for business. ‘Provided […]