Government of India
Ministry of Finance
Central Board of Direct Taxes
Directorate of Income Tax (Systems)
Notification No. 01 of 2022
Compliance Check Functionality for Section 206A8 & 206CCA of Income-tax Act 1961
Section 206AB and 206CCA of the Income-tax Ad,1961 (effective from 1st July 2021 and amended via Finance Act, 2022), imposed higher TDSfTCS rate on the "Specified Persons~ defined as under,
• For the purposes of this section "specified person" means a person who has not fumished the return of income for the assessment year relevant to the previous year immediately preceding the financ;al year in which tax is required to be deducted, for which the time limit for furnishing the return of income under sub-section (1) of section 139 has expired and the aggregate of tax deducted at source and tax collected at source in his case is rupees f;tty thousand or more in the said previous year:
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