Removal of higher TDS/TCS for non-filers of return of income

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....e Bill, 2025 XXI. Removal of higher TDS/TCS for non-filers of return of income Section 206AB of the Act, requires deduction of tax at higher rate when the deductee specified therein is a non-filer ....

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....returns have been filed by the deductee/collectee, resulting in application of higher rates of deduction/collection, blocking of capital and increased compliance burden. 3. Accordingly, to address th....