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montu vyas   20 June 2021


If I deduct under section 206AB whether it is again required to deduct under particular section e g. 194 C
or deduction under 206AB is enough
At the time of 26 Q return filling which head to show 194c or it reflects 206AB

 8 Replies


Sourav (Student)     20 June 2021

TDS should be deducted under section 194C
Section 206AB is a newly introduced section for deduction of a higher TDS rate for non-filers of income tax returns
montu vyas

montu vyas   20 June 2021

Tds at both time 194c and also for 206AB
MuraliKrishna S

MuraliKrishna S   20 June 2021

206 AB s kind of penal section, that if seller doesn't file return in last 2 FY and he has tds credit of 50000, then buyer can deduct tds at a double rate or 5 % rate whichever s higher
Muhammed Ibrahim Badusha

Muhammed Ibrahim Badusha   20 June 2021

You have to deduct tax as per 194C, but you need to take tds rate as per 206AB instead of 194C
1 Like

naresh (visakhapatnam)     20 June 2021

TDS+TCS RS.50, 000/- Whether this TDS is from one particular deductor or aggregate of all deductors in 26A
MuraliKrishna S

MuraliKrishna S   20 June 2021

Aggregate of tds and tcs from all

naresh (visakhapatnam)     20 June 2021

You mean total of 26AS, am i right? Thanks in advance
MuraliKrishna S

MuraliKrishna S   20 June 2021

Total of tds and tcs

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