The two new sections 206AB and 206CCA, recently inserted to which act?

The two new sections 206AB and 206CCA, recently inserted to which act?

A. Drug Trafficking Act 1994

B. The Anti-Hijacking Act, 2016

C. Citizenship (Amendment) Act, 2019

D. Income-tax Act 1961

Explanation:

Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 1961 which takes effect from 1st day of July, 2021. These sections mandate tax deduction or tax collection at higher rate in case of certain non-filers (specified persons). Higher rate is twice the prescribed rate or 5%, whichever is higher.

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