Exemption from PAN/Aadhaar rules for certain non-resident investors where fund level tax is deducted and prescribed reporting is provided. The rules exempt non-resident individuals and entities (not being companies) who invest in a specified fund located in an IFSC from section 139A, and hence from section 206AA, where their only income in India is from the specified fund, tax on that income has been deducted and remitted by the fund under the applicable provision, and the non-resident provides name, contact, foreign address, residency declaration and Tax Identification Number or alternate government unique identifier; the specified fund must file Form 49BA quarterly and upload the residency declaration, with formats and verification administered by the Principal Director General/Director General (Systems).