1. TDS/TCS to be deducted/collected at the original (higher) rate – with effect from 01/04/2021
2. High TDS/TCS rates for the Non-filers of Income-tax Return – wef 010/7/2021
3. TDS on purchase of goods – wef 01/07/2021
4. Penalty – if PAN and Aadhar not linked till 30 June 2021
5. No Interest on short Payment of Advance Tax due to Dividend Income – wef 01/04/2021
6. Tax Audit limit for non cash business extended to 10 crores – AY 2021-22
7. No equalisation levy – If payment is taxable as Royalty and FTS
8. Corpus Donation will be exempt only if invested in specified investment – wef 01/04/2021
9. Extended tolerance band in Real estate value i.e. 20% between stamp duty value and actual sale value is till June 21
10. Professional LLP and HUF have to maintain books of accounts for AY 2021-22 also