The income tax department has developed a new utility to help TDS deductors and TCS collectors identify the' specified persons'on whom higher rate of taxes will be levied from July 1. The Budget 2021 had brought in a provision which mandated that non-filers of income tax returns for past two fiscal years would be subjected to higher tax deducted at source( TDS) and tax collected at source( TCS) rate if such tax deduction was Rs 50, 000 or more in each of those two years. The Central Board of Dir