TDS Section 206AB and Section 206CCA of Income Tax Act, 1961

TDS Section 206AB and Section 206CCA of Income Tax Act, 1961 Finance Act, 2021 introduced new Section- 206AB and section 206CCA of Income Tax Act, 1961 levying a double or higher TDS rate to a Specified Person w.e.f. 1st July, 2021 Section 206AB Applicability: This new section requires deduction of TDS at a higher rate while making payment (including payable or credited) to a “specified person”, the […]