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Section 206CCA

Latest Articles


Major Income Tax Amendments applicable from 1st April 2025

Income Tax : Explore major income tax updates for FY 2025-26, including revised tax slabs, TDS/TCS rules, rebates, and benefits for startups. S...

March 3, 2025 35670 Views 0 comment Print

Budget 2025: Removal of Higher TDS/TCS for Non-Filers from April 2025

Income Tax : The Finance Bill 2025 proposes removing Sections 206AB & 206CCA, eliminating higher TDS/TCS rates for non-filers, reducing complia...

February 3, 2025 4689 Views 0 comment Print

Removal of Higher TDS/TCS for Non-Filers of Income Tax Return from 01.04.2025

Income Tax : Finance Bill 2025 removes higher TDS/TCS for non-filers, effective from April 1, 2025, easing compliance burdens, though higher ra...

February 2, 2025 2085 Views 1 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 1797 Views 0 comment Print

CBDT excludes RBI from definition of specified person under Sec. 206AB & 206CCA of Income Tax Act, 1961

Income Tax : CBDT excludes RBI from the definition of specified person under Sections 206AB & 206CCA of the Income Tax Act, 1961. Learn the imp...

May 29, 2024 1266 Views 0 comment Print


Latest Notifications


CBDT exempts RBI from Section 206CCA provisions (TCS Collection at higher rate)

Income Tax : The Ministry of Finance exempts RBI from Section 206CCA of Income Tax Act, 1961 through Notification No. 46/2024 dated 27th May, 2...

May 27, 2024 4065 Views 0 comment Print

Circular on use of functionality under section 206AB & 206CCA

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...

May 17, 2022 13965 Views 0 comment Print

Section 206AB & 206CCA Compliance Check Functionality procedure

Income Tax : Income Tax Department has released a new functionality Compliance Check for Section 206AB & 206CCA to facilitate tax deductors/col...

June 22, 2021 47163 Views 2 comments Print

Compliance Check functionality for Sections 206AB & 206CCA

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...

June 21, 2021 69876 Views 8 comments Print

CBDT to launch Compliance Check Functionality for Section 206AB & 206CCA

Income Tax : Issue of order u/s.138(1)(a)(i) of the Income Tax Act, 1961(‘Act’) for the purposes of launch of Compliance Check Functionalit...

June 21, 2021 44679 Views 0 comment Print


Is Income Tax Circular No. 11 of 2021 consistent with legal provisions?

June 23, 2021 10455 Views 5 comments Print

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.

Tax Deduction u/s 206AB and 206CCA of Income Tax Act 1961

June 23, 2021 2607 Views 0 comment Print

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

June 22, 2021 37461 Views 1 comment Print

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 […]

New Sections 206AB & 206CCA levying TDS/TCS at double rate

June 22, 2021 17679 Views 2 comments Print

The Finance Act 2021 introduced new Sections 206AB and 206CCA levying TDS/TCS at double rate w.e.f. 1st of July 2021 Background, Relevance, Applicability & Rate: The central government proposed Section 206AB (TDS) & Section 206CCA (TCS) consist of a special provision for the deduction of TDS at a higher rate for the non-filers of income […]

Section 206AB & 206CCA Compliance Check Functionality procedure

June 22, 2021 47163 Views 2 comments Print

Income Tax Department has released 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.

New TDS sections inserted by Union Finance Bill 2021

June 22, 2021 10170 Views 0 comment Print

The Finance Bill 2021 has introduced following new sections in relation to Tax Deducted at source (TDS) and Tax Collected at source (TCS): i) Section 194Q- TDS on purchase of goods ii) Section 206AB: Higher rate of TDS for non filers of Income tax return iii) Section 206CCA: Higher rate of TCS for non filers of Income tax return iv) Section 194P: TDS in case of specified senior citizen

Section 206AB/206CCA applicability & Declaration wef 1.7.2021

June 21, 2021 79308 Views 6 comments Print

Understanding the applicability of Section 206AB and 206CCA under the Income Tax Act,1961. Get insights on the higher TDS/TCS rates for non-filers of ITR.

Deduction of TDS/TCS for Non- Filers of Income Tax Return

June 21, 2021 4080 Views 0 comment Print

Section 206AB and Section 206CCA of the Income Tax Act, 1961: Deduction of TDS/TCS for Non- Filers of Income Tax Return The Hon’ble Finance Minister had proposed various amendments to the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’ ) in her budget speech on 1st February, 2021, in order to rationalize various […]

New TDS Compliance under Section 206AB/206CCA/194Q

June 21, 2021 23079 Views 3 comments Print

New Developments in T.D.S. Compliances Some very interesting developments have taken in place in T.D.S. compliance procedures having far reaching effects. Now the Compliance procedures have gone a step further from deductee ‘PAN‘ to ‘Return Filing Compliances by the Deductee’ .In the Part-A we will discuss this new development and try to familiarise and inculcate […]

Compliance Check functionality for Sections 206AB & 206CCA

June 21, 2021 69876 Views 8 comments Print

t may be noted that as per the provisos of sections 206AB & 206CCA of the Act, the specified persons shall not include a non-resident who does not have a permanent establishment in India. Tax deductors & collectors are expected to carry out necessary due diligence in respect of a specified person established by the above referred functionality to consider him as non-specified, if the fall under these provisos.

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