Compliance Check Under Section 206AB – TDS at Higher Rate

Compliance Check Under Section 206AB – TDS at Higher Rate 1. A new section 206AB is introduced in the Finance Act 2021 for deduction of tax at source at higher rates to identify non-filers of Income Tax Returns. These defaulters will be identified and higher Tax Deducted at Source (TDS) be levied on them. Section 206AB is applicable w.e.f. 01 July 2021 This section mandated […] https://ift.tt/eA8V8J TaxGuru