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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Higher rate of TDS under section 206AA and 206AB |
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Is there any exception to the higher rate prescribed as per section 206AA? |
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Ans. The rate of 20% shall be reduced to 5% in the case where: a) Tax is required to be deducted by an e-commerce operator under section 194-O; or b) Tax is required to be deducted by a buyer under section 194Q. |
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