Income tax return: Not filed ITR for FY 2020-21? You may be liable for higher TDS, TCS from Apr 1

The law for higher TDS, TCS in case of not filing ITR was announced in Budget 2021 and amended in Budget 2022. If an individual does not file ITR for FY 2020-21 by this date, then higher TDS will be applicable on certain incomes such as interest, dividend etc. from April 1, 2022.

from Tax-Wealth-Economic Times https://ift.tt/d79TjGh