Income-tax Act, 1961

47. Prior to its omission, section 206CCA, as Ins. by Act No. 13 of 2021, w.e.f. 1-7-2021 and later on amended by Act No. 06 of 2022, w.e.f. 1-4-2022 and Act No. 08 of 2023, w.e.f. 1-4-2023/1-7-2023, read as under :

'206CCA. Special provision for collection of tax at source for non-filers of income-tax return.-(1) Notwithstanding anything contained in any other provisions of this Act, where tax is required to be collected at source under the provisions of Chapter XVII-BB, on any sum or amount received by a person from a specified person, the tax shall be collected at the higher of the following two rates, namely:-

(i)	-	at twice the rate specified in the relevant provision of the Act; or
(ii)	-	at the rate of five per cent:

Provided that the rate of tax collection at source under this section shall .... To read the full section download the app from Google Play store