TMI BlogSpecial provision for collection of tax at source for non-filers of income-tax returnX X X X Extracts X X X X X X X X Extracts X X X X ..... t 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. 4 [ Provided that the rate of tax collection at source under this secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d that the specified person shall not include (i) a non-resident who does not have a permanent establishment in India; or (ii) a person who is not required to furnish the return of income for the assessment year relevant to the said previous year and is notified by the Central Government in the Official Gazette in this behalf. ] Explanation. For the purposes of this sub-section, the ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous years: 4. Inserted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-07-2023 5. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, Provided that the specified person shall not include a non-resident who do ..... X X X X Extracts X X X X X X X X Extracts X X X X
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