TDS Changes in Budget 2021
Section 194Q is applicable from July 1st, 2021, and provides for deduction of tax at source on the payment made by the assessee towards the purchase of goods. It is similar to section 206C(1H) which is applicable for the collection of tax at source. Check here for detailed explanations of TDS changes in Budget 2021. https://nandiniinfosys.com/blog/tds-changes-in-budget-2021/