TDS under section 194-IB: higher TDS for non-filers does not apply, standard 194-IB withholding continues. Section 206AB normally requires higher-rate deduction for non-filers, but this higher-rate withholding does not apply to tax required to be deducted under ... Summary
TDS under section 194-IB: higher TDS for non-filers does not apply, standard 194-IB withholding continues.
Section 206AB normally requires higher-rate deduction for non-filers, but this higher-rate withholding does not apply to tax required to be deducted under section 194-IB, meaning the Section 206AB mechanism is not triggered for payments subject to section 194-IB; this non-applicability is noted as effective from 01-04-2025.
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