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of <h1>Higher Tax Collection at Source for Non-Filers Under Section 206CCA Effective July 1, 2021</h1> Section 206CCA, introduced by the Finance Act, 2021, mandates a higher tax collection at source for non-filers of income-tax returns, effective from July 1, 2021. If tax is to be collected under Chapter XVII-BB, it shall be at twice the specified rate or 5%, whichever is higher. This applies to specified persons who haven't filed returns for the two preceding assessment years and have tax deductions or collections of at least fifty thousand rupees annually. Non-residents without a permanent establishment in India are excluded from this provision.
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