Non-resident exemption from PAN requirement where tax is withheld by specified funds and reporting obligations apply. Non-application of the PAN requirement for certain non-residents is permitted where their only India-sourced income arises from investment in a specified fund or from transfers of qualifying IFSC-listed capital assets, tax on that income is withheld and remitted by the fund or broker, and the non-resident furnishes identity, residence declaration and Tax Identification Number or equivalent; the fund or stock broker must file an electronic quarterly statement and upload the residence declaration within prescribed timelines and formats, under procedures specified by the tax systems authority.