Q. Will it have any impact of amendment made by Finance Act 2020

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Question added Jan 4, 2022 Investment & Finance By Bipin parmar, CA Student, Mumbai

Dear Sir,

Will it have any impact of amendment made by finance Act 2020?
"Provided further that an individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or profession carried on by him exceed 82[one crore rupees in case of business or fifty lakh rupees in case of profession] during the financial year immediately preceding the financial year in which such sum by way of fees for professional services or technical services is credited or paid, shall be liable to deduct income-tax under this section"

Thanks & Regards

Bipin

1 Answer

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answered Jan 4, 2022 By CA Vikram Goel, CA, Rohini
Sir,

This is Income Tax question, and please re ask under Income Tax catagory.

Thanks,

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