However, the provisions of section 206AA shall not apply in the following cases:-

TDS withholding exceptions: residency and identification documentation by non residents prevents higher withholding under income tax rules.

Exceptions to section 206AA apply where interest on long term bonds paid to non residents is covered by 194LC, and where a non resident or foreign company deductee provides prescribed identity and residency documents: name, e mail and contact number; foreign residential address; a government residency certificate where the foreign law issues one; and the deductee's Tax Identification Number or an equivalent unique government identification number.