Declaration Format for not deducting TDS under Section 206AB


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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 01st 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:

Designation:

Date:

Place:


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