Permanent Account Number exemption extended to certain non-residents for long-term bond interest and prescribed payments. Sub-section (7) of section 206AA is substituted to provide that the section shall not apply to a non-resident, not being a company, or to a foreign ... Summary
Permanent Account Number exemption extended to certain non-residents for long-term bond interest and prescribed payments.
Sub-section (7) of section 206AA is substituted to provide that the section shall not apply to a non-resident, not being a company, or to a foreign company in respect of payment of interest on long-term bonds and any other payment subject to prescribed conditions, thereby exempting such recipients from the PAN furnishing requirement for those specified payments.
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