TDS at Higher Rate Under Section 206AB | CA Anoop Bhatia
Channel: Anoop Bhatia Talk Show
Date: 2021-07-10

Tax Planning Course: https://taxplanningforsalariedemployees.com
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. नमस्कार दोस्तों दिनांक  01.07.2021 से टीडीएस प्रावधानों में एक और धारा जोड़ दी गई है जिसके अनुसार यदि किसी व्यक्ति ने पिछले 2 वित्त वर्षों में ITR नहीं भरी हो तो उसे भुगतान करते समय सामान्य टीडीएस रेट की दुगनी दर से अथवा 5 % की दर से (जो भी ज्यादा हो) कर कटौती कि जायेगी।  यह वीडियो आप तक सम्बंधित नई धारा 206AB के मुख्य बिंदु पहुँचाने का प्रयास है।  आशा करता हूँ, आप इस वीडियो को उपयोगी पाएंगे आपके बहुमूल्य कमैंट्स एवं सुझाव सादर आमंत्रित हैं ।

Dear Friends, wef 01.07.2021 a new section i.e. section 206AB is inserted in the Income Tax Act 1961 which provides for deduction of tax at source at double of the applicable rate or 5% (whichever is higher) when the payee did not file ITR for preceding two financial years. This vide accordingly is an attempt to bring to you the relevant provisions in a summarised manner, providing answers to various important queries relevant thereto. I hope you will find it worth watching. Your precious comments and suggestions are most welcome. 

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#206AAvs.206AB
#206ABofIncomeTaxAct

Timeline:
00:51  Coverage
02:06 What is the ‘key provision’ ?
04:05 Who is ‘specified person’ ?
07:39 Example
09:30 What kind of payments are covered u/s 206AB ?
12:08 How to find out last 2 years’ ITR status ?
13:07 206AA vs. 206AB.
14:57 What about persons submitting form 15G / 15H ?
16:25 Whether non-residents are also covered under the new provision ?
18:03 Similar provisions in TCS matters.

Relevant links for online portal for 206AB & 206CCA
https://www.incometaxindia.gov.in/communications/circular/circular_11_2021.pdf
https://www.incometaxindia.gov.in/communications/notification/notification01_2021-compliance-check-functionality.pdf

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