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of <h1>Finance Bill 2021: Section 206CCA Enforces Higher Tax Collection for Non-Filers Starting July 1, 2021</h1> Clause 52 of the Finance Bill, 2021 introduces section 206CCA to the Income-tax Act, effective from July 1, 2021. It mandates a higher tax collection at source for non-filers of income-tax returns. The tax is collected at twice the specified rate or at 5%, whichever is higher. This applies to individuals who haven't filed returns for the two preceding assessment years and have a tax deduction or collection of at least 50,000 each year. Non-residents without a permanent establishment in India are excluded. The section aims to enforce compliance among non-filers.
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