As per the new section inserted 206 AB, can you please tell me if a person did not filed his ITR for F.Y 2018-19 & 2019-20 even he didn't work with us in both years.shall we deduct his tds with higher rate or not?
what should we done in this case?
1 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 09 July 2021
If aggregate TDS is >=50k in each of the year, then twice the normal rate would apply I think. Whether or not there was any transaction during these years is immaterial I think.
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