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of <h1>Section 206AB requires higher TDS-twice applicable rate or 5%-on specified persons who didn't file prior-year returns</h1> Where tax is required to be deducted under specified provisions of Chapter XVII-B, a payer must deduct tax at the higher of twice the applicable rate, twice the rates in force, or 5% when paying to a 'specified person' who failed to file the income-tax return for the relevant prior year and whose TDS/TCS aggregate in that year was at least ?50,000. If section 206AA applies, the higher of its rates and those under this section governs. Exclusions include non-residents without a permanent establishment in India and persons notified by the Government as not required to file returns.
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