Higher TDS rate under section 206AB results in deduction at the highest of doubled statutory rates or five percent. Where tax is required to be deducted under section 206AB, the payer must deduct tax at the higher of: twice the rate specified in the relevant provision ... Summary
Higher TDS rate under section 206AB results in deduction at the highest of doubled statutory rates or five percent.
Where tax is required to be deducted under section 206AB, the payer must deduct tax at the higher of: twice the rate specified in the relevant provision of the Act; twice the rate or rates in force; or five percent.
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