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of <h1>Finance Bill 2022 Amends Section 206CCA: Redefines 'Specified Person' for Tax Collection from Non-Filers, Effective April 1, 2022.</h1> Clause 63 of the Finance Bill, 2022, proposes amendments to section 206CCA of the Income-tax Act, which addresses the collection of tax at source for non-filers of income-tax returns. The amendment removes the reference to 'collectee' in sub-section (1) and revises sub-section (3) to define a 'specified person' as one who has not filed a return for the assessment year preceding the financial year when tax collection is required, with an aggregate tax deduction and collection of fifty thousand rupees or more. These changes are effective from April 1, 2022.
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