Question ID : 41114

TDS-Section 206AB and 206CC

1. With inroduction of section 206CCA, earlier provision of section 206C(1H) i.e. applicable in case of Turnover of Rs 10 crores of more is still applicable ? 2.Section 206AB and 206CCA is applicable in following cases ? Is it applicable to only to the person who is having TAN Number (OR) It is applicable to all person who is having PAN(i.e. even to the person who does not have TAN ) 3.Compliance check functionality (a) Should it be checked only by TAN holders or even person who is having PAN but does not have TAN (b) Should TAN holder check only for the person for whom TDS /TCS is alreary dedcuted in last 2 years or TAN holder should check for all perosn (i.e. even for whom TDS/TCS is not dedcuted / collected in last 2 years ) Thank you in advance

1. Both 206CCA and 206C(1H) co-exist. Both sections are applicable. 2. Both 206AB and 206CCA is applicable for anyone who fulfills the criteria mentioned in respective sections whether they hold TAN or not. If they dont hold a TAN they are supposed to obtain one 3a. Compliance check should be done whoever fulfills the criteria irrespective of whether they hold TAN or not. 3b. Its enough if compliance check is done for those for whom TDS/TCS is deducted in the last 2 years.