{"id":5092,"date":"2023-06-10T05:00:29","date_gmt":"2023-06-10T05:00:29","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=5092"},"modified":"2024-09-10T06:16:39","modified_gmt":"2024-09-10T06:16:39","slug":"tds-compliance-under-section-206ab","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/","title":{"rendered":"TDS Compliance under section 206ab?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"93\" height=\"44\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 93px) 100vw, 93px\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/129.-TDS.jpg\" alt=\"TDS compliance under section 206ab\" width=\"296\" height=\"296\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#TDS_Compliance_under_section_206ab\" >TDS Compliance under section 206ab<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#Here_are_the_key_points_to_understand_about_TDS_compliance_under_section_206AB\" >Here are the key points to understand about TDS compliance under section 206AB:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#Applicability\" >Applicability:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#Higher_TDS_Rates\" >Higher TDS Rates:<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#To_visit_https_wwwincometaxgovin\" >To visit: https:\/\/www.incometax.gov.in<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#Non-Applicability\" >Non-Applicability:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#Compliance_Requirements\" >Compliance Requirements:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#Reporting\" >Reporting:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#1What_is_Section_206AB\" >1.What is Section 206AB?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#3_What_is_the_purpose_of_Section_206AB\" >3. What is the purpose of Section 206AB?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#4_How_much_higher_is_the_TDS_rate_under_Section_206AB\" >4. How much higher is the TDS rate under Section 206AB?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#5_Are_there_any_exceptions_to_Section_206AB\" >5. Are there any exceptions to Section 206AB?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#6_How_can_deductors_verify_if_Section_206AB_applies_to_someone\" >6. How can deductors verify if Section 206AB applies to someone?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#7_What_happens_if_TDS_is_not_deducted_as_per_Section_206AB\" >7. What happens if TDS is not deducted as per Section 206AB?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#8_Does_Section_206AB_apply_to_all_kinds_of_TDS_deductions\" >8. Does Section 206AB apply to all kinds of TDS deductions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#9_What_is_the_relevance_of_the_Rs_50000_threshold\" >9. What is the relevance of the Rs. 50,000 threshold?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/#For_further_details_Visit_https_vibrantfinservcomservice-detail-10php\" >For further details Visit:\u00a0https:\/\/vibrantfinserv.com\/service-detail-10.php<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"TDS_Compliance_under_section_206ab\"><\/span><span style=\"text-decoration: underline;\"><span style=\"color: #000000;\"><strong>TDS Compliance under section 206ab<\/strong><\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Tax Deducted at Source (TDS) is an essential aspect of India&#8217;s tax regime, ensuring that taxes are collected at the source of income. Section 206AB, introduced in the Income Tax Act, is a relatively recent addition that specifically targets non-compliant taxpayers. This section imposes higher rates of TDS on individuals or businesses that fail to file their income tax returns (ITR) for the previous two years, provided their TDS deduction exceeds a certain threshold. Let\u2019s break down what this section entails, its implications, and how businesses can ensure compliance.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Here_are_the_key_points_to_understand_about_TDS_compliance_under_section_206AB\"><\/span><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The implementation of section 206AB of the Income Tax Act, 1961 establishes a distinct measure to enforce stricter TDS (Tax Deducted at Source) compliance. This provision aims to impose elevated TDS rates on individuals who have not filed their income tax returns.. Here are the key points to understand about TDS compliance under section 206AB:\\n\\nApplicability: Section 206AB applies to individuals, Hindu Undivided Families (HUFs), associations of persons (AOPs), body of individuals (BOIs), firms, companies, and any other person who is eligible to deduct TDS.\\n\\nHigher TDS Rates: Under section 206AB, if a deductee (i.e., the recipient of payment) has not filed their income tax return for the previous two years and the total amount of TDS deducted exceeds Rs. 50,000 in each of those two years, the TDS rate will be higher. The higher rates will be double the normal prescribed rates or rates mentioned in the relevant sections of the Income Tax Act, whichever is higher.\\n\\nNon-Applicability: Section 206AB is not applicable in cases where the deductee is a non-resident or where the TDS is required to be deducted under sections 192 (salaries), 192A (withdrawal from EPF), 194B (lottery winnings), 194BB (horse race winnings), 194LBC (income from investment in securitization trust), or 194N (cash withdrawals).\\n\\nCompliance Requirements: To determine whether the higher TDS rates under section 206AB apply, the deductor (i.e., the person responsible for deducting TDS) needs to check the PAN (Permanent Account Number) of the deductee and the filing status of the income tax return for the previous two years.\\n\\nReporting: The deductor is required to report TDS deductions made at the higher rates under section 206AB in the TDS return (Form 26Q, 24Q, etc.) as applicable.\\n\\nIt is important to note that section 206AB is a compliance provision aimed at promoting timely filing of income tax returns. It is advisable for deductees to ensure timely filing of their income tax returns to avoid higher TDS rates.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:515,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16750848},&quot;12&quot;:0}\">Here are the key points to understand about TDS compliance under section 206AB:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h2><span class=\"ez-toc-section\" id=\"Applicability\"><\/span><strong><span style=\"color: #000000;\">Applicability:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TDS compliance under section 206ab applies to individuals, Hindu Undivided Families (HUFs), associations of persons (AOPs), body of individuals (BOIs), firms, companies, and any other person who is eligible to deduct TDS.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Higher_TDS_Rates\"><\/span><span style=\"color: #000000;\"><strong>Higher TDS Rates:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under section 206AB, if a deductee (i.e., the recipient of payment) has not filed their income tax return for the previous two years and the total amount of TDS deducted exceeds Rs. 50,000 in each of those two years, the TDS rate will be higher. So, The higher rates will be double the normal prescribed rates or rates mentioned in the relevant sections of the Income Tax Act, whichever is higher.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"To_visit_https_wwwincometaxgovin\"><\/span><span style=\"color: #000000;\">To visit:<\/span> <a href=\"https:\/\/www.incometax.gov.in\">https:\/\/www.incometax.gov.in<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h2><span class=\"ez-toc-section\" id=\"Non-Applicability\"><\/span><span style=\"color: #000000;\"><strong>Non-Applicability:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Section 206AB is not applicable in cases where the deductee is a non-resident or where the TDS require to deduct under sections 192 (salaries), 192A (withdrawal from EPF), 194B (lottery winnings), 194BB (horse race winnings), 194LBC (income from investment in securitization trust), or 194N (cash withdrawals).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Compliance_Requirements\"><\/span><span style=\"color: #000000;\"><strong>Compliance Requirements:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To determine whether the higher TDS rates under section 206AB apply, the deductor needs to check the PAN of the deductee and the filing status of the income tax return for the previous two years.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reporting\"><\/span><span style=\"color: #000000;\"><strong>Reporting:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The deductor require to report TDS deductions made at the higher rates under section 206AB in the TDS return (Form 26Q, 24Q, etc.) as applicable.<\/p>\n<p>However,\u00a0 It is important to note that section 206AB is a compliance provision aimed at promoting timely filing of income tax returns. So, It is advisable for deductees to ensure timely filing of their income tax returns to avoid higher TDS rates.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1What_is_Section_206AB\"><\/span><strong>1.What is Section 206AB?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Section 206AB of the Income Tax Act in India mandates a higher rate of TDS (Tax Deducted at Source) for certain taxpayers who have not filed their income tax returns for the past two years and have a total TDS deduction exceeding Rs. 50,000 in each year.<\/p>\n<p><strong>2. Who is affected by Section 206AB?<\/strong><\/p>\n<p><strong>Ans:<\/strong> This section applies to individuals or businesses who haven\u2019t filed their income tax returns for the last two financial years and have substantial TDS amounts deducted (above Rs. 50,000 per year).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_is_the_purpose_of_Section_206AB\"><\/span><strong>3. What is the purpose of Section 206AB?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> The purpose is to encourage taxpayers to file their income tax returns regularly. By penalizing non-compliance with higher TDS rates, the government seeks to promote tax filing discipline.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_much_higher_is_the_TDS_rate_under_Section_206AB\"><\/span><strong>4. How much higher is the TDS rate under Section 206AB?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> The TDS rate under Section 206AB is higher than the normal rate. It is the higher of:<\/p>\n<ul>\n<li>Twice the rate specified in the relevant provision of the Income Tax Act.<\/li>\n<li>Twice the rate or rates in force.<\/li>\n<li>5%.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"5_Are_there_any_exceptions_to_Section_206AB\"><\/span><strong>5. Are there any exceptions to Section 206AB?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Yes, Section 206AB does not apply to individuals who are not required to file income tax returns under the law. It also does not apply to non-residents who do not have a permanent establishment in India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_How_can_deductors_verify_if_Section_206AB_applies_to_someone\"><\/span><strong>6. How can deductors verify if Section 206AB applies to someone?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Deductors can check whether the taxpayer has filed income tax returns using the &#8220;Compliance Check for Section 206AB &amp; 206CCA&#8221; utility provided by the Income Tax Department on their official portal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_What_happens_if_TDS_is_not_deducted_as_per_Section_206AB\"><\/span><strong>7. What happens if TDS is not deducted as per Section 206AB?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> If the deductor does not comply with Section 206AB and fails to deduct the higher rate of TDS, they may be held liable for paying the shortfall, along with interest and penalties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Does_Section_206AB_apply_to_all_kinds_of_TDS_deductions\"><\/span><strong>8. Does Section 206AB apply to all kinds of TDS deductions?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Section 206AB applies to most kinds of TDS deductions, but it does not apply to deductions under sections like 192 (salaries), 192A (premature withdrawal from EPF), 194B (winnings from lotteries, crossword puzzles), and a few others.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_is_the_relevance_of_the_Rs_50000_threshold\"><\/span><strong>9. What is the relevance of the Rs. 50,000 threshold?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans:<\/strong> Section 206AB only applies if the taxpayer&#8217;s total TDS deductions exceed Rs. 50,000 in each of the previous two financial years. If their TDS deductions are below this amount, the section is not applicable.<\/p>\n<p><strong>10. What are the consequences of non-compliance with Section 206AB?<\/strong><\/p>\n<p><strong>Ans:<\/strong> Non-compliance could lead to penalties, including the requirement for the deductor to pay the shortfall in TDS along with interest. It may also lead to increased scrutiny or legal action from the tax authorities.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"For_further_details_Visit_https_vibrantfinservcomservice-detail-10php\"><\/span><span style=\"color: #000000;\">For further details Visit:\u00a0<a href=\"https:\/\/vibrantfinserv.com\/service-detail-10.php\">https:\/\/vibrantfinserv.com\/service-detail-10.php<\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Contact:\u00a0\u00a0\u00a0\u00a0 8130555124, 8130045124<\/p>\n<p>Whatsapp:\u00a0\u00a0<u><a href=\"https:\/\/wa.me\/918130555124\" target=\"_blank\" rel=\"noopener\">https:\/\/wa.me\/918130555124<\/a><\/u><\/p>\n<p>Mail ID:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"mailto:operations@vibrantfinserv.com\">operations@vibrantfinserv.com<\/a><\/p>\n<p>Web Link: \u00a0\u00a0<u><a href=\"https:\/\/vibrantfinserv.com\/\">https:\/\/vibrantfinserv.com<\/a><\/u><\/p>\n<p>FB Link:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<u><a href=\"https:\/\/fb.me\/vibrantfinserv2\" target=\"_blank\" rel=\"noopener\">https:\/\/fb.me\/vibrantfinserv<\/a><\/u><\/p>\n<p>Insta Link:\u00a0\u00a0<u><a href=\"https:\/\/www.instagram.com\/vibrantfinserv2\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.instagram.com\/vibrantfinserv2\/<\/a><\/u><\/p>\n<p>Twitter:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<u><a href=\"https:\/\/twitter.com\/VibrantFinserv\" target=\"_blank\" rel=\"noopener\">https:\/\/twitter.com\/VibrantFinserv<\/a><\/u><\/p>\n<p>Linkedin:\u00a0\u00a0 \u00a0<u><a href=\"https:\/\/www.linkedin.com\/in\/vibrant-finserv-62566a259\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.linkedin.com\/in\/vibrant-finserv-62566a259\/<\/a><\/u><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2769\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/1.Difference-between-TDS-and-Form-16-300x300.jpg\" alt=\"TDS compliance under section 206ab\" width=\"206\" height=\"206\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/1.Difference-between-TDS-and-Form-16-300x300.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/1.Difference-between-TDS-and-Form-16-1024x1024.jpg 1024w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/1.Difference-between-TDS-and-Form-16-150x150.jpg 150w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/1.Difference-between-TDS-and-Form-16-768x768.jpg 768w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/1.Difference-between-TDS-and-Form-16.jpg 1080w\" sizes=\"auto, (max-width: 206px) 100vw, 206px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TDS Compliance under section 206ab Tax Deducted at Source (TDS) is an essential aspect of India&#8217;s tax regime, ensuring that taxes are collected at the source of income. Section 206AB, introduced in the Income Tax Act, is a relatively recent addition that specifically targets non-compliant taxpayers. This section imposes higher rates of TDS on individuals\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/tds-compliance-under-section-206ab\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":3401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[1409],"class_list":["post-5092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tds-compliance","tag-tdscompliance-incometaxact-highertdstariff"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TDS compliance under section 206ab<\/title>\n<meta name=\"description\" content=\"The implementation of section 206AB of the Income Tax Act, 1961 establishes a distinct measure to enforce stricter TDS.....\" \/>\n<meta name=\"robots\" content=\"index, follow, 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