TDS/TCS compliance for Section 206AB and 206CCA

Section 206AB and 206CCA inserted in the Income-tax Act,1961 (effective from 1st July 2021), imposed higher TDS/TCS rate on the "Specified Persons' defined as under,

For the purposes of this section ' specified person" means a person who has not filed the returns of income for both of the two assessment years relevant to the two previous years immediately prior to the previous year in which tax is required to be collected, for which the time limit of filing return of income under sub-section (1) of section 139 has expired; and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous years. 

Provided that the specified person shall not include a non-resident who does not have a permanent establishment in India.

To facilitate Tax Deductors and Collectors in identification of Specified Persons as defined in sections 206AB and 206CCA, the Central Board of Direct Taxes ("CBDT") has directed the specified income-tax authority for furnishing information to the Tax Deductor / Tax Collector, having registered in the reporting portal of the Project Insight through valid TAN. This information is available through the functionality "Compliance Check for Section 206AB& 206CCA". 

This functionality "Compliance Check for Section 206AB& 206CCA" is made available through (https://report.insight.gov.in) of Income-tax Department.

Source: https://www.incometaxindia.gov.in/communications/notification/notification01_2021-compliance-check-functionality.pdf