What is Section 206AB in the Income Tax Act?


As per Section 206AB of the Income Tax Act, 1961, if any user has not filed their Income Tax Return in the last two years and the amount of TDS is ₹50,000 or more in each of these two previous years, those users are considered defaulters.

We will temporarily block those defaulter’s accounts from July 1, 2022. For further assistance, they can reach out to our Support team by raising a ticket here. With all due diligence and adhering to our compliance norms, we will help out each of such account holders.