Tax Deduction u/s 206AB and 206CCA of Income Tax Act 1961

Finance Act 2021 has inserted two new section 206AB and 206CCA effective from 1st July 2021. These sections mandated the deduction or collection of Tax at higher rates for specified section in case of certain non-filers. Higher rate is twice the prescribed rates or 5% which ever is higher. If the provisions of section 206AA is applicable […] https://ift.tt/eA8V8J