Tax deduction at higher rate in case of certain non-filers (specified persons)

Tax deduction under section 206AB or tax collection section 206CCA at higher rate in case of certain non-filers (specified persons) with respect to tax deductions (other than under sections 192, 192A, 194B, 194BB, 194LBC and 194N) and tax collections. The higher rate is twice the prescribed rate or 5%, whichever is higher.

A specified person means a person who satisfies both the following conditions:

1. Fails to file Income Tax Return for both preceding assessment year in which tax is required to deduction or collection.
2. The aggregate amount of TDS and TCS is Rs. 50,000 or more in each of both preceding assessment years.

For compliance with the above sections, CBDT will issue a new functionality “Compliance Check for Sections 206AB & 206CCA”. Through the functionality Person liable to deduct or the collector can check the status through PAN that whether a specified person or not.

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