Higher Rate of TDS and TCS under Section 206AB and 206CCA

Neethi V. Kannanth , Last updated: 26 May 2022  
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Finance Act, 2021 inserted two sections 206AB - tax deduction and 206CCA - tax collection which came into effect from 1 July, 2021. These sections were amended through the Finance Act, 2022. What does Section 206AB and 206CCA say? Section 206AB and 206CCA mandate tax deduction and tax collecti

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