https://www.taxtmi.com/forum/issue?id=117262 Section 206AB requires deductors to apply a higher TDS rate to payments to a "specified person" where two cumulative conditions are met: the deductee's aggregate TDS/TCS met the statutory threshold in each of the two relevant assessment years, and the deductee failed to file income tax returns for both of those two assessment years. Applicability is determined by examining the two assessment years immediately preceding the financial year of deduction; the statute's effective commencement date determines from when the higher rate may be applied. en-us Wed, 02 Jun 2021 15:07:42 +0530 Thu, 23 Jan 2025 15:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117262 Section 206AB requires deductors to apply a higher TDS rate to payments to a "specified person" where two cumulative conditions are met: the deductee's aggregate TDS/TCS met the statutory threshold in each of the two relevant assessment years, and the deductee failed to file income tax returns for both of those two assessment years. Applicability is determined by examining the two assessment years immediately preceding the financial year of deduction; the statute's effective commencement date determines from when the higher rate may be applied. Discussion-Forum Income Tax Wed, 02 Jun 2021 15:07:42 +0530 https://www.taxtmi.com/forum/issue?id=117262