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Section 206AA

Latest Articles


Benefit to Non-Residents under Income Tax Act, 1961

Income Tax : Income-tax Act contains special provision for taxability of a non-resident person, including a foreign company. A few benefits are...

September 5, 2024 110259 Views 0 comment Print

Tax Deducted at Source (TDS): FAQs

Income Tax : Learn about Tax Deducted at Source (TDS), its purpose, applicable payments, and the rates for various categories including residen...

August 26, 2024 797037 Views 206 comments Print

FAQs on Higher rate of TDS under section 206AA and 206AB

Income Tax : Explore key FAQs about higher TDS rates under Sections 206AA and 206AB, including applicable rates, exemptions, and compliance che...

August 25, 2024 2268 Views 0 comment Print

FAQs on TDS on Rent Under Section 194-I & Section 194-IB

Income Tax : Understand the TDS provisions on rent payments under Sections 194-I and 194-IB of the Income-tax Act. Know the rates, thresholds, ...

August 23, 2024 18531 Views 0 comment Print

FAQs on TDS or TCS on sale or Purchase of Goods

Income Tax : Learn about TDS under Section 194Q and TCS under Section 206C(1H) on goods sales and purchases, including rates, thresholds, and c...

August 23, 2024 1218 Views 0 comment Print


Latest News


PAN-Aadhaar Linking 98 pdate: Stats, Consequences and Collection

Income Tax : Introduction: The Government of India, through the Ministry of Finance’s Department of Revenue, has provided essential updat...

December 13, 2023 1803 Views 0 comment Print

Exempt Non-Residents Having TIN from Applicability of TDS at Higher Rate U/s. 206AA

Income Tax : Under the current provisions of Section 206AA, tax is required to be deducted by the deductor at a higher rate as prescribed under...

January 21, 2016 782 Views 0 comment Print

Rationalisation of Withholding tax on interest payments on borrowings of Infrastructure Debt Funds

Income Tax : Rationalisation of With-Holding Tax (WHT) to Encourage Greater Subscription in Indian Debt Securities by Foreign Investors, Encour...

May 21, 2013 723 Views 0 comment Print

Reminder : Person receiving income subject to withholding tax is required to obtain Permanent Account Number (PAN)

Income Tax : The Finance (No.2) Act of 2009 introduced section 206AA under the Income Tax Act, 1961 (the ITA) to provide that any person who is...

July 4, 2010 1187 Views 0 comment Print

With effect from 1 April 2010 higher rate of tax applies for tax withholding where PAN is not provided

Income Tax : The Finance Act, 2009 introduced new provisions (section 206AA) in the Income-tax Act, 1961 (the Act). As per these provisions any...

April 3, 2010 793 Views 0 comment Print


Latest Judiciary


Amount received towards Interconnectivity Utility charges from Indian Customers was not taxable as Royalty

Income Tax : Assessee was incorporated in Japan and was in the business of providing telecommunication services. Assessee provided fixed, mobil...

May 6, 2024 498 Views 0 comment Print

Vessel Damage Payments, Capital in Nature and Not fall under Section 5(2): ITAT

Income Tax : ITAT Ahmedabad upheld decision of CIT(A), ruling in favor of Nirma Limited. The nature of payments for vessel damage was deemed as...

January 19, 2024 384 Views 0 comment Print

TDS deduction on payments to Eco Development Committee matter remitted back for reconsideration

Income Tax : ITAT Jaipur held that requirement of TDS deduction u/s. 194C of the Income Tax Act on payments made to Eco Development Committee r...

December 26, 2023 1038 Views 0 comment Print

Payment towards interconnectivity utility charges from Indian customers not taxable as Royalty

Income Tax : ITAT Bangalore held that payments received towards interconnectivity utility charges from Indian customers / end users cannot be c...

September 9, 2023 978 Views 0 comment Print

Payments towards Interconnectivity Utility Charges not royalty/ FTS hence not taxable

Income Tax : ITAT Bangalore held that payments received by assessee towards interconnectivity utility charges from Indian customers / end users...

August 31, 2023 543 Views 0 comment Print


Latest Notifications


Procedure for sharing information with tax deductors/collectors

Income Tax : DGIT(S)/ADG(S)-2/Compliance Check/432/2021-22 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of...

June 9, 2022 1137 Views 0 comment Print

Relaxation from deduction of tax at higher rate U/s. 206AA

Income Tax : 37BC. Relaxation from deduction of tax at higher rate under section 206AA.– (1) In the case of a non-resident, not being a compa...

June 24, 2016 14008 Views 1 comment Print


Latest Posts in Section 206AA

Benefit to Non-Residents under Income Tax Act, 1961

September 5, 2024 110259 Views 0 comment Print

Income-tax Act contains special provision for taxability of a non-resident person, including a foreign company. A few benefits are extended to non-residents by these provisions, inter-alia, global income of a non-resident is not taxable in India, various interest income are not taxable in India and so forth. This document gives a brief introduction to those provisions which provides certain benefits to a non-resident.

Tax Deducted at Source (TDS): FAQs

August 26, 2024 797037 Views 206 comments Print

Learn about Tax Deducted at Source (TDS), its purpose, applicable payments, and the rates for various categories including resident and non-resident payments.

FAQs on Higher rate of TDS under section 206AA and 206AB

August 25, 2024 2268 Views 0 comment Print

Explore key FAQs about higher TDS rates under Sections 206AA and 206AB, including applicable rates, exemptions, and compliance checks.

FAQs on TDS on Rent Under Section 194-I & Section 194-IB

August 23, 2024 18531 Views 0 comment Print

Understand the TDS provisions on rent payments under Sections 194-I and 194-IB of the Income-tax Act. Know the rates, thresholds, and compliance requirements.

FAQs on TDS or TCS on sale or Purchase of Goods

August 23, 2024 1218 Views 0 comment Print

Learn about TDS under Section 194Q and TCS under Section 206C(1H) on goods sales and purchases, including rates, thresholds, and compliance details.

Amount received towards Interconnectivity Utility charges from Indian Customers was not taxable as Royalty

May 6, 2024 498 Views 0 comment Print

Assessee was incorporated in Japan and was in the business of providing telecommunication services. Assessee provided fixed, mobile, wholesale, and associated telecommunication services across the globe.

Vessel Damage Payments, Capital in Nature and Not fall under Section 5(2): ITAT

January 19, 2024 384 Views 0 comment Print

ITAT Ahmedabad upheld decision of CIT(A), ruling in favor of Nirma Limited. The nature of payments for vessel damage was deemed as reimbursement and capital in nature, not falling under Section 5(2) of the Act. The appeal by Revenue was dismissed, affirming the cancellation of TDS deduction on the payment of USD 4,50,000.

TDS deduction on payments to Eco Development Committee matter remitted back for reconsideration

December 26, 2023 1038 Views 0 comment Print

ITAT Jaipur held that requirement of TDS deduction u/s. 194C of the Income Tax Act on payments made to Eco Development Committee remanded back to AO with a direction to relook on various aspects.

PAN-Aadhaar Linking 98 pdate: Stats, Consequences and Collection

December 13, 2023 1803 Views 0 comment Print

Introduction: The Government of India, through the Ministry of Finance’s Department of Revenue, has provided essential updates on PAN-Aadhaar linking. Addressing specific queries from Rajya Sabha member Smt. Phulo Devi Netam, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, has shed light on PAN-Aadhaar linkage statistics, inactivation details, consequences, and the […]

TDS rates in case of Specified Person having Inoperative PAN

December 8, 2023 97188 Views 2 comments Print

Explore TDS rates for Specified Persons and those with Inoperative PAN under sections 139AA, 206AA, and 206AB. Learn implications, exceptions, and check your status on the Income Tax Reporting Portal.

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