TCS deduction at higher Rate u/s 206CCA

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Last updated: 22 June 2021
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This document explains the new Section 206CCA of the Income Tax Act, introduced in the Finance Act 2021, which mandates a higher rate for Tax Collected at Source (TCS). It details the conditions under which this higher rate applies, including non-filing of income tax returns and aggregate TDS/TCS exceeding Rs. 50,000. The guide also provides a draft declaration format for taxpayers to declare non-applicability of this section and includes important disclaimers regarding the information provided.

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New Insertion of Section 206CCA for deduction of TCS at higher rate for the non-filers of Income Tax Return for last 2 years #pdf
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Submitted by · Posted 22 June 2021 · Other files by Mera Consultant · Report
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