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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Higher rate of TDS under section 206AA and 206AB This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Higher rate of TDS under section 206AA and 206AB

What are the provisions of Section 206AB?

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Ans. As per section 206AB, where any person fails to furnish his return of income for a specified period and tax deducted/collected during that period exceeds the specified limit, the deductor shall deduct the tax at a higher rate under section 206AB.

 

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