Not filed Income Tax Returns? Get ready for higher rate of TDS/TCS deduction

CMA Ramesh Krishnan , Last updated: 05 February 2021 Share Follow on Google News

The Finance bill 2021, proposes to inserttwo new sections i.e. Sec.206AB and Sec.206CCA to enable deduction and collection of TDS and TCS at higher rates for those who have not filed their income tax returns. A brief about these sections is given below: Applicability of the Section.206AB This

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CMA Ramesh Krishnan

Cost & Management Accountant

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore Award Winner as Most effective Expert in Caclubindia-2011 My working style always like, Take life always aschallenge,Think positive, Give involvement on taken task,Donot divert you ... Read more

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Not filed Income Tax Returns? Get ready for higher rate of TDS/TCS deduction

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