https://www.taxtmi.com/manuals?id=1259 Section 393(2), Serial No. 17 requires any person paying taxable interest not covered by specified categories, or any other taxable non-salary sum, to a non-resident other than a company or a foreign company to deduct tax at rates in force. No monetary threshold applies. Deduction is generally required at the earlier of credit or payment, but specified interest payable by the Government, Public Sector Banks, and qualifying Public Financial Institutions is subject to deduction only upon actual payment. The obligation applies to resident and non-resident payers irrespective of a non-resident payer's presence in India. en-us Mon, 05 Oct 2015 11:25:00 +0530 Sat, 29 Aug 2026 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1259 Section 393(2), Serial No. 17 requires any person paying taxable interest not covered by specified categories, or any other taxable non-salary sum, to a non-resident other than a company or a foreign company to deduct tax at rates in force. No monetary threshold applies. Deduction is generally required at the earlier of credit or payment, but specified interest payable by the Government, Public Sector Banks, and qualifying Public Financial Institutions is subject to deduction only upon actual payment. The obligation applies to resident and non-resident payers irrespective of a non-resident payer's presence in India. Manuals Income Tax Mon, 05 Oct 2015 11:25:00 +0530 https://www.taxtmi.com/manuals?id=1259