Higher TDS/TCS Rates for Non-ITR Filers; PAN Verification Once Per Year for Taxpayer Convenience. https://www.taxtmi.com/highlights?id=63544 Deduction of TDS / Collection of TCS at higher rate for non-filing of ITR by the deductee - The deductor or the collector may check the PAN in the functionality at the beginning of the financial year and then he is not required to check the PAN of non-specified person during that financial year. - Asking the deductee/collectee to file evidence of furnishing of their return defeat the purpose of this taxpayer friendly measure. - CBDT en-us Wed, 18 May 2022 12:45:03 +0530 Wed, 18 May 2022 12:45:03 +0530 TaxTMI RSS Generator Higher TDS/TCS Rates for Non-ITR Filers; PAN Verification Once Per Year for Taxpayer Convenience. https://www.taxtmi.com/highlights?id=63544 Deduction of TDS / Collection of TCS at higher rate for non-filing of ITR by the deductee - The deductor or the collector may check the PAN in the functionality at the beginning of the financial year and then he is not required to check the PAN of non-specified person during that financial year. - Asking the deductee/collectee to file evidence of furnishing of their return defeat the purpose of this taxpayer friendly measure. - CBDT Highlights Income Tax Wed, 18 May 2022 12:45:03 +0530 https://www.taxtmi.com/highlights?id=63544