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)
PAN requirement for cash deposits, withdrawals, and account opening expanded with a limited IFSC banking unit exclusion. Transactions for the purpose of PAN requirement under section 139A include cash deposits, cash withdrawals, and opening of current or cash credit accounts with banking companies, co-operative banks, or Post Offices. The rule excludes certain transactions involving non-residents other than companies or foreign companies where they transact through an IFSC banking unit and have no income chargeable to tax in India.
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.
PAN requirement for cash deposits, withdrawals, and account opening expanded with a limited IFSC banking unit exclusion.
Transactions for the purpose of PAN requirement under section 139A include cash deposits, cash withdrawals, and opening of current or cash credit accounts with banking companies, co-operative banks, or Post Offices. The rule excludes certain transactions involving non-residents other than companies or foreign companies where they transact through an IFSC banking unit and have no income chargeable to tax in India.
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