Section 206AB Special provision for deduction of tax at source for nonfilers of incometax return.

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The Tax Publishers [1][206AB. Special provision for deduction of tax at source for non-filers of income-tax return. (1) Notwithstanding anything contained in any other provisions of this Act, where tax is required to be deducted at source under the provisions of Chapter XVIIB, other than Sections 192, 192A, 194B, [2][194BA,] 194BB, [3][194-IA, 194-IB, 194LBC, 194M or 194N] on any sum or income or amount paid, or payable or credited, by a person [4][* * *] to a specified person, the tax shall be deducted at the higher of the following rates, namely : (i) at twice the rate specified in the relevant provision of the Act; or (ii) at twice the rate or rates in force; or (iii) at the rate of five per cent. (2) If the provisions of Section 206AA is applicable to a specified person, in addition to the provision of this section, the tax shall be deducted at higher of the two rates provided in this section and in Section 206AA. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][206AB. Special provision for deduction of tax at source for non-filers of income-tax return.

(1) Notwithstanding anything contained in any other provisions of this Act, where tax is required to be deducted at source under the provisions of Chapter XVIIB, other than Sections 192, 192A, 194B, [2][194BA,] 194BB, [3][194-IA, 194-IB, 194LBC, 194M or 194N] on any sum or income or amount paid, or payable or credited, by a person [4][* * *] to a specified person, the tax shall be deducted at the higher of the following rates, namely :

(i) at twice the rate specified in the relevant provision of the Act; or

(ii) at twice the rate or rates in force; or

(iii) at the rate of five per cent.

(2) If the provisions of Section 206AA is applicable to a specified person, in addition to the provision of this section, the tax shall be deducted at higher of the two rates provided in this section and in Section 206AA.