The Income Tax Department has activated the online system to determine the ‘Specified Person’ on whom the higher rate of TDS / TCS will be applicable under the newly introduced Sections 206AB & 206CCA.
The Quick Reference Guide Version 1.0 (June 2021) has been uploaded.
Click Here to view the PDF copy
This has been extracted from https://report.insight.gov.in
After completing the registration process, one can start using the facilities. It has two options:
By entering one PAN at a time and get instant response
Upload CSV of a list of PANs (maximum 10,000 at a time). After a short while, the output CSV can be downloaded with response for each PAN.
With this facility, the Income Tax Department has made handling of this compliance much easier.
Useful guidelines to avoid common mistakes while submitting TDS Statements