Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Tax deduction at source certificate for receipt of interest and other sums without deduction of tax under prescribed conditions. Rule 29B sets out the procedure for obtaining a certificate under section 195 authorising receipt of specified interest or other sums without deduction of tax. Eligibility depends on regular assessment in India, due return filing, absence of tax default, and, for non-bank and non-insurer applicants, continuous business or profession in India for at least five years together with fixed assets in India exceeding the prescribed threshold. The rule also prescribes the relevant forms, the Assessing Officer's satisfaction, and the period of validity and renewal of the certificate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction at source certificate for receipt of interest and other sums without deduction of tax under prescribed conditions.
Rule 29B sets out the procedure for obtaining a certificate under section 195 authorising receipt of specified interest or other sums without deduction of tax. Eligibility depends on regular assessment in India, due return filing, absence of tax default, and, for non-bank and non-insurer applicants, continuous business or profession in India for at least five years together with fixed assets in India exceeding the prescribed threshold. The rule also prescribes the relevant forms, the Assessing Officer's satisfaction, and the period of validity and renewal of the certificate.
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