Conditions under section 397(2)(c) for non applicability of deduction of tax at higher rate, in case of non-residents - Rule 217 (New) / Rule 37BC (Old)
Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS) / Withholding Tax
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Non-resident PAN relaxation permits standard withholding on specified payments when prescribed foreign identity and residency documents are furnished. Non-residents without PAN may avoid higher-rate tax deduction under Rule 217 by furnishing prescribed identity, contact, foreign-address, tax-residency ... Summary
Non-resident PAN relaxation permits standard withholding on specified payments when prescribed foreign identity and residency documents are furnished.
Non-residents without PAN may avoid higher-rate tax deduction under Rule 217 by furnishing prescribed identity, contact, foreign-address, tax-residency and foreign tax-identification particulars to the deductor. The relaxation applies to interest, royalty, fees for technical services, dividend, and payments on transfer of capital assets. Higher-rate deduction is also inapplicable where the non-resident is not otherwise required to obtain PAN under the applicable statutory rules.
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