Month: June 2021

Non applicability of higher TDS rate

Dear Customer, The Government of India (GoI) has introduced section 206AB in the Income-tax Act, 1961 (Act), which mandates higher Tax Deducted at Source (TDS) in case of non-filing of income tax returns (ITR) by a taxpayer for two immediately preceding financial years (FY). The new provisions are applicable from July 1, 2021. In case of …

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Price increase and strategic review

Dear Customers, Trust that you and your family are staying safe during this challenging time. The ongoing COVID-19 pandemic continues to create challenges thought-out the world economy, including the mineral and metal-dependent transformer industry. At Shreejee Electronics, among other challenges, many of our material suppliers are struggling to meet our demand – resulting in cost …

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