Insertion of new section 206CCA.

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.... '206CCA. (1) Notwithstanding anything contained in any other provisions of this Act, where tax is required to be collected at source under the provisions of Chapter XVII-BB, on any sum or amount received by a person (hereafter referred to as collectee) from a specified person, the tax shall be collected at the higher of the following two rates, namely:-- (i) at twice the ra....

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....fifty thousand or more in each of these two previous years: Provided that the specified person shall not include a nonresident who does not have a permanent establishment in India. Explanation.--For the purposes of this sub-section, the expression "permanent establishment" includes a fixed place of business through which the business of the enterprise is wholly or partly carried ....

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....plicable to a specified person, in addition to the provision of this section, the tax shall be collected at higher of the two rates provided in this section and in section 206CC. Sub-section (3) thereof seeks to define "specified person" to mean a person who has not filed the returns of income for both of the two assessment years relevant to the two previous years immediately prior to the previ....