https://www.taxtmi.com/acts?id=47086 Any person paying a non-resident (other than a company) or a foreign company interest (other than interest on securities) or other sums chargeable under the Act (excluding salaries and dividends) must deduct income-tax at rates in force at the earlier of credit to the payee's account or payment. Crediting such sums to any account in the payer's books is deemed credit to the payee and triggers the deduction. Sub-section (2) replaces "by general or special order" with "in the prescribed manner" and excludes certain interest, royalty and technical services payments to foreign companies from its application. en-us Tue, 07 Jan 2025 12:37:07 +0530 Tue, 07 Jan 2025 12:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47086 Any person paying a non-resident (other than a company) or a foreign company interest (other than interest on securities) or other sums chargeable under the Act (excluding salaries and dividends) must deduct income-tax at rates in force at the earlier of credit to the payee's account or payment. Crediting such sums to any account in the payer's books is deemed credit to the payee and triggers the deduction. Sub-section (2) replaces "by general or special order" with "in the prescribed manner" and excludes certain interest, royalty and technical services payments to foreign companies from its application. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 12:37:07 +0530 https://www.taxtmi.com/acts?id=47086