Section 206AB of Income Tax Act which provides for higher rate of TDS for a Specified Persons i.e. a person who has not filed Income Tax return for the previous year and whose TDS/TCS is more than Rs.50000/- has been omitted. Therefore, Accounts team of NGOs would not need to use the compliance check utility on Income Tax portal to ascertain Specified Person and deduct higher TDS wef 1.4.2025.
Same provision for TCS under Section 206CCA for a Specified Person which is not used by most NGOs has also been omitted for reference.
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