Section 206CCA Special provision for collection of tax at source for nonfilers of incometax return.

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The Tax Publishers [1][206CCA. Special provision for collection 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 collected at source under the provisions of Chapter XVII-BB, on any sum or amount received by a person [2][* * ] from a specified person, the tax shall be collected at the higher of the following two rates, namely: (i) at twice the rate specified in the relevant provision of the Act; or (ii) at the rate of five per cent. [3][Provided that the rate of tax collection at source under this section shall not exceed twenty per cent.*] (2) If the provisions of Section 206CC is applicable to a specified person, in addition to the provisions of this section, the tax shall be collected at higher of the two rates provided in this section and in Section 206CC. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][206CCA. Special provision for collection 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 collected at source under the provisions of Chapter XVII-BB, on any sum or amount received by a person [2][* * *] from a specified person, the tax shall be collected at the higher of the following two rates, namely:

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

(ii) at the rate of five per cent.

[3][Provided that the rate of tax collection at source under this section shall not exceed twenty per cent.]

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