Tax Connect
madhuvridhi
Tag: TDS/TCS on non filer at higher rates
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TDS/TCS on non filer at higher rates – Budget 2021
Section 206AA of the Act provides for higher rate of TDS for non-furnishing of PAN. Similarly section 206CC of the Act provides for higher rate of TCS for non-furnishing of PAN. It is seen that while these provisions have served their purpose in ensuring obtaining and furnishing of PAN by various person, there is need…