Higher withholding provision expanded to more payment heads; return-filing and threshold conditions clarified for applicability.

Amendment expands the applicability of the higher-withholding provision in section 206AB by substituting an extended list of specified withholding sections and omitting the bracketed definition of "deductee." It replaces the prior compliance trigger with a requirement that the person must have furnished the return of income for the assessment year relevant to the previous year immediately preceding the financial year in which tax is required to be deducted (after the time limit under section 139(1) has expired) and that the aggregate of tax deducted at source and tax collected at source in that previous year is rupees fifty thousand or more.

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