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TDS AND 206AB

This query is : Resolved 
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(Querist)
01 October 2021 We are liable to deduct TDS at higher rate (whether 5% or double the rate) for Specified persons who have not furnished 2 years IT return / having TDS more than 50000. My doubt is whether we have to deduct at higher rate for the payments made in April,May and June 2021 as the 206AB section came into effect by July 1st only. Example, I have a consultant whose TDS WE DEDUCTED @ 10?% FOR April may and June payments whereas he didn't furnish 2 years IT in July. So, in July shall I have to deduct 10% (TDS balance )of payments given in April and May and TDS of July 20%?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 October 2021 No. The rate will apply on all the payments from July, 2021 onwards.
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