<h1>New Rules for Higher Tax Rates on Non-Filers: Check Compliance with PAN Tool u/ss 206AB and 206CCA.</h1> The Finance Act, 2021 introduced sections 206AB and 206CCA to the Income-tax Act, 1961, effective from July 1, 2021, requiring higher tax deduction or collection rates for certain non-filers. To alleviate the compliance burden on tax deductors and collectors, the Central Board of Direct Taxes launched a 'Compliance Check' functionality. This tool allows users to verify if a deductee or collectee is a specified person by entering their PAN, either individually or in bulk, via the Income-tax Department's reporting portal. This measure simplifies the process by requiring only an annual check for specified persons.