India's Central Board of Indirect Taxes and Customs has issued Notification No. 1 of 2021: Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961. The notification concerns the new penal provisions regarding tax deducted and collected at source (TDS/TCS) that apply from 1 July 2021. The new provisions generally provide that where the recipient of income has not filed their income tax returns in the prior two years (specified persons), the withholding agent payin…