Section 206AB or 206CCA Alert!!! Non-filers of ITR – TDS or TCS to be deducted at double rates
Recently I came across a Notice from CAMS, wherein a notice was received by Investor, specifying that the PAN of investor is appearing in a list of “Specified Persons” as per Income Tax Utility and as a consequence deduction of TDS will be done at higher rate on all dividend payouts. This article is guide on what is section 206AB or 206CCA, consequence, how to do compliance and how to check the list of specified persons.