206AB vs 194C(6).
LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
29 June 2021LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
29 June 2021
Ashok S
(2 Points)
Replied 19 July 2021
Since declaration u/s 194(6) is obtained, deduction of tax u/s 194C is not required. Consequently, requirement to deduct tax at higher rate u/s 206AB is not applicable.