Income Tax : CBDT excludes RBI from the definition of specified person under Sections 206AB & 206CCA of the Income Tax Act, 1961. Learn the imp...
Income Tax : Explore TDS rates for Specified Persons and those with Inoperative PAN under sections 139AA, 206AA, and 206AB. Learn implications,...
Income Tax : Explore Section 206AB of Income Tax Act, imposing higher TDS rates for specified persons not filing ITR. Learn conditions, rates, ...
Income Tax : Explore how Section 206AA and Section 206AB impact TDS rates. Learn when higher rates apply, exemptions for non-residents, and get...
Income Tax : Explore the impact of the Finance Act, 2023 on non-resident and not ordinarily resident individuals in India. Changes in tax deduc...
Income Tax : Understand tax deduction rules for dividends as per Income-tax Act, 1961 amendments. Detailed guide on TDS rates, exemptions, and ...
Income Tax : RBI exempted from Section 206AB of the Income Tax Act, 1961, via Ministry of Finance notification dated May 27, 2024. Learn more a...
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...
Income Tax : The provision of higher TDS under section 206AB is not applicable on tax to be deducted under sections 194-1A, 194-IB and 194M. Th...
Income Tax : Income Tax Department has released a new functionality Compliance Check for Section 206AB & 206CCA to facilitate tax deductors/col...
Income Tax : t may be noted that as per the provisos of sections 206AB & 206CCA of the Act, the specified persons shall not include a non-resid...
Understand the implications of TDS Section 206AB and Section 206CCA of the Income Tax Act, 1961. Learn about the higher TDS rates and how they apply to specified persons.
Practical FAQs for Implementing the provisions of Section 206AB (TDS) and Section 206CCA (TDS) w.e.f. 1st July 2021 In order to tighten the grip on non-filers of Income Tax Returns, Finance Act, 2021 has introduced Section 206AB and 206CCA to the Income Tax Act, 1961. Section 206AB provides for deduction of tax at higher rate […]
206ए.बी./206सी.सी.ए. के अधीन किन व्यक्तियों का टी०डी०एस०/टी०सी०एस० बढ़ी हुई दर से काटना/वसूलना होगा, यह जानने के लिए सरकार यूटिलिटी जारी करेगी अब तक शायद ही कोई ऐसा हो जो यह नहीं जानता हो कि आयकर कानून, 1961 की धारा 206ए.बी. / 206सी.सी.ए. के अधीन रिटर्न न भरने वाले कुछ व्यक्तियों का टी०डी०एस० और टी०सी०एस० निर्धारित […]
Understand the applicability and analysis of Section 206AB and 206CCA of the Income Tax Act,1961. Learn about the higher tax rate for non-filers and the effective date of these sections.
Explanations and FAQ’s on Sec 206AB and Sec 206CCA Section 206AB: Special provision for deduction of tax at source for non-filers of income-tax return and Section 206CCA: Special provision for collection of tax at source for non-filers of income-tax return 1. Who is a Specified person? Specified persons means a person i. who has not […]
Understand the declaration format for Section 194Q, 206AB & 206CCA. Learn how to comply with the new TDS regulations and ease the burden of compliance.
Income Tax Department has facilitated a new functionality ‘Compliance Check for Section 206AB & 206CCA’ to facilitate tax deductors/collectors to verify if a person is a ‘Specified Person’ as per section 206AB & 206CCA. This functionality is made available through Reporting Portal of Income-tax Department (https://report.insight.gov.in).
Section 206AB(1) [and Section 206CCA(1)] contains the word ‘Where’, so it is quite obvious that one has to decide as to someone (probable deductee or collectee) is specified person or not as on the relevant date of deduction or collection at source.
Understand the new tax provisions u/s 206AB and 206CCA of the Income Tax Act 1961. Learn how these sections affect non-filers and ensure compliance.
1 जुलाई 2021 टीडीएस / टीसीएस की बढ़ी हुई दरें रिटर्न फाइल नहीं करने वालों के लिए टीडीएस/ टीसीएस की दर :- 206AB एवं 206CCA 1 जुलाई 2021 से जिन व्यक्तियों का टीडीएस काटा जाना है अथवा टीसीएस एकत्र किया जाना है उनकी एक नई श्रेणी बताई गई है जिनके लिए टीडीएस/ टीसीएस सामान्य दर […]
