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of <h1>Finance Bill 2015 amends Income-tax Act section 195(6), requiring payment info for all sums to non-residents.</h1> Clause 48 of the Finance Bill, 2015 amends section 195 of the Income-tax Act, specifically sub-section (6). The amendment mandates that any person responsible for paying a non-resident or foreign company any sum, irrespective of its chargeability under the Act, must furnish payment information in a prescribed form and manner. This change, effective from June 1, 2015, updates the requirement for providing payment information, expanding its applicability to sums not necessarily chargeable under the Act.
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