Information-furnishing requirement for payments to non-residents requires reporting payments in prescribed form and manner by payer. Amendment substitutes sub-section (6) of section 195 to require the person responsible for paying any sum to a non-resident individual or a foreign ... Summary
Information-furnishing requirement for payments to non-residents requires reporting payments in prescribed form and manner by payer.
Amendment substitutes sub-section (6) of section 195 to require the person responsible for paying any sum to a non-resident individual or a foreign company to furnish information relating to that payment in the prescribed form and manner, irrespective of whether the sum is chargeable under the Income-tax Act.
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