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 …