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 fi…