https://www.taxtmi.com/acts?id=16349 The amendment excludes interest covered by sections 194LB and 194LC from the phrase "any interest" in section 195(1) and adds an Explanation clarifying that the obligation to comply with sub section (1) and to make deduction thereunder has always applied to all persons, resident or non resident, regardless of any presence in India. A new sub section (7) permits the Board to notify classes where payers to certain non residents or foreign companies must apply to the Assessing Officer to determine the proportion of a sum chargeable, and tax is to be deducted on that determined proportion. en-us Tue, 29 May 2012 13:02:38 +0530 Tue, 15 Jul 2025 10:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16349 The amendment excludes interest covered by sections 194LB and 194LC from the phrase "any interest" in section 195(1) and adds an Explanation clarifying that the obligation to comply with sub section (1) and to make deduction thereunder has always applied to all persons, resident or non resident, regardless of any presence in India. A new sub section (7) permits the Board to notify classes where payers to certain non residents or foreign companies must apply to the Assessing Officer to determine the proportion of a sum chargeable, and tax is to be deducted on that determined proportion. Act-Rules F. Acts / Amendment Acts Tue, 29 May 2012 13:02:38 +0530 https://www.taxtmi.com/acts?id=16349