SECTION 206AB OF INCOME TAX
This query is : Resolved
25 November 2025
Dear Experts
I'd like to know that still the Section 206AB is applicable or Omitted w.e.f. 01/04/2025?
I'd like to know that still the Section 206AB is applicable or Omitted w.e.f. 01/04/2025?
25 November 2025
- Finance Act, 2025 Amendment
- The Finance Bill, 2025 explicitly proposed the removal of Section 206AB and Section 206CCA (which dealt with higher TCS for non-filers).
- The government cited excessive compliance burden and capital blockage as reasons for omission. Deductors and collectors had to verify return-filing status of deductees/collectees, which created operational challenges.
- Effective Date
- The omission is effective from 01 April 2025.
- Up to 31 March 2025, Section 206AB remained applicable.
- From FY 2025–26 onwards, deductors/collectors no longer need to apply higher TDS/TCS rates for non-filers.
- The Finance Bill, 2025 explicitly proposed the removal of Section 206AB and Section 206CCA (which dealt with higher TCS for non-filers).
- The government cited excessive compliance burden and capital blockage as reasons for omission. Deductors and collectors had to verify return-filing status of deductees/collectees, which created operational challenges.
- Effective Date
- The omission is effective from 01 April 2025.
- Up to 31 March 2025, Section 206AB remained applicable.
- From FY 2025–26 onwards, deductors/collectors no longer need to apply higher TDS/TCS rates for non-filers.
Message likes :
1 times
25 November 2025
Dear Sir Ji, Thank you very much for your answer.
The final question is - We (Buyer) no need to get an ITR filed acknowledgement from the vendors?
The final question is - We (Buyer) no need to get an ITR filed acknowledgement from the vendors?
25 November 2025
Correct...
No need for any confirmation from suppliers.
No need for any confirmation from suppliers.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Relief u/s Section 89
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
