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<h1>Application Form for Tax on Non-Resident Payments Under Sections 195(2) & 195(7) of Income-tax Act, 1961 Explained</h1> An application form under sections 195(2) and 195(7) of the Income-tax Act, 1961, is used by individuals or entities responsible for paying a non-resident or foreign company to determine the appropriate proportion of non-salary payments chargeable to tax. The form requires detailed information about the payer and recipient, including identification numbers, status, and contact details. It also necessitates transaction specifics, such as payment amount, nature, and relevant tax details, including whether a Double Taxation Avoidance Agreement (DTAA) applies. The form includes sections for taxability under the Income-tax Act and DTAA, requiring supporting documentation and verification by the applicant.