Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961

Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961 https://www.taxtmi.com/news?id=24137 The Income-tax Department portal provides a "Compliance Check for Sections 206AB & 206CCA" enabling tax deductors/collectors to determine specified person status via single PAN search or bulk PAN upload; responses are downloadable and the CBDT Circular permits a single verification at the start of the financial year for non-specified persons, reducing the need for repeated due diligence while ensuring application of the higher rate where applicable. en-us Wed, 23 Jun 2021 09:22:24 +0530 Wed, 23 Jun 2021 09:22:24 +0530 TaxTMI RSS Generator Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961 https://www.taxtmi.com/news?id=24137 The Income-tax Department portal provides a "Compliance Check for Sections 206AB & 206CCA" enabling tax deductors/collectors to determine specified person status via single PAN search or bulk PAN upload; responses are downloadable and the CBDT Circular permits a single verification at the start of the financial year for non-specified persons, reducing the need for repeated due diligence while ensuring application of the higher rate where applicable. News - Wed, 23 Jun 2021 09:22:24 +0530 https://www.taxtmi.com/news?id=24137