TDS-Section 206AB and 206CC

1. With inroduction of section 206CCA, earlier provision of section 206C(1H) i.e. applicable in case of Turnover of Rs 10 crores of more is still applicable ?

2.Section 206AB and 206CCA is applicable in following cases ? 

   

Is it applicable to only to the person who is having TAN Number (OR) 

It is applicable to all person who is having PAN(i.e. even to the person who does not have TAN ) 

 

 

3.Compliance check functionality 

(a)

Should it be checked only by TAN holders or even person who is having PAN but does not have TAN 

(b) 

Should TAN holder check only for the person for whom TDS /TCS is alreary dedcuted in last 2 years or TAN holder should check for all perosn (i.e. even for whom TDS/TCS is not dedcuted / collected in last 2 years ) 

Thank you in advance 

 

 

Replies (2)
Quick Summary
This discussion clarifies the applicability of TDS Sections 206AB and 206CCA. It confirms that Section 206C(1H) for TCS on goods remains in effect. The sections apply to all taxpayers with a PAN, regardless of whether they possess a TAN, and cover compliance checks for TDS/TCS deductions.

1. Yes, the provisions of 206C(1H) are still applicable. That is TCS on sale of goods and this new provision if TDS on purchase of goods. 

2. Both the section are applicable to a taxpayer. 

 

Dear Sir , Thank you very much . In second point i understand that both sections are applicable to taxpayers. However my query is that these sections are  applicable to all person who is having PAN(i.e. even to the person who does not have TAN ) 

 

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