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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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What is the rate of tax under section 206AB? |
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Ans. Where tax is required to be deducted under this provision, the tax shall be deducted at the higher of the following rates: a) Twice the rate specified in the relevant provision of the Act; or b) Twice the rate or rates in force; or c) 5%. |
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