Section-206ab-of-income-tax-act-1961-c0b1dd06-caf101f4

Section 206AB & Section 206CCA – Implementation Guide (Including reference to all relevant circulars)

As per  Section 57 of Finance Act 2021 which is given effect from 1/07/2021- Section 206 AB and 206CCA was introduced which specifies deduction of TDS/TCS at double the rate of original rate with a minimum  limit of 5%  if the payee  has not filed the ROI for the 2 immediately preceding Assessment  years if …

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