Declaration Format for not deducting TDS under Section 206AB

The Finance Act, 2021 has introduced a new Section- Sec. 206AB. This is a Special Provision for deduction of tax at source for non-filers of income tax return. This Section shall come into effect from 01^st July, 2021.

Format of Declaration for not imposing TDS Rate as per Section 206AB of the Income Tax Act, 1961

To Whom So Ever It May Concern

I/We, ________________, having Permanent Account Number ________________, am/are resident in India and hereby declare as follows:

1. I/We have filed my/our Return of Income for the preceding Financial Year 2018-19 relevant to the Assessment Year 2019-20. The date of filing is ___________ and the Acknowledgement Number issued by the Income Tax Department evidencing the filing of the tax return is _____________. The copy of the ITR Acknowledgement evidencing the filing of the above tax return is enclosed herewith.

2. I/We have filed my/our Return of Income for the preceding Financial Year 2019-20 relevant to the Assessment Year 2020-21. The date of filing is ___________ and the Acknowledgement Number issued by the Income Tax Department evidencing the filing of the tax return is ______________. The copy of the ITR Acknowledgement evidencing the filing of the above tax return is enclosed herewith.

3. This point is applicable only if a tax return has not been filed as stated above:

Where I/We have not filed my Return of Income for both the preceding two Financial Years 2019-20 and 2020-21, I/We hereby confirm that the aggregate tax deducted and tax collected at source is /is not Rs. 50,000/- or more in each of the two preceding Financial Years 2019-20 and 2020-21.

4. I/We hereby declare that I/we am/are duly authorized to give this declaration and the information stated above is true to the best of my/our knowledge and belief. If there is any misdeclaration, I/we undertake to indemnify you/your organisation; for any interest or any penal consequences.

Name:

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