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Income tax

Tax Relief Alert: Sections 206AB & 206CCA Removed – Key Changes in TDS/TCS Rules

Higher TDS/TCS rates under Sections 206AB & 206CCA, which formerly punished non-filers of income tax returns, are eliminated by the Finance Bill 2025. This blog examines the ramifications of this move, the advantages it offers taxpayers, and how it makes compliance easier for both people and companies.