Section 393(2); Table [For Payments to Non-Resident] - Income in respect of Securities referred to in Section 210(1)

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.... Sl. No. Nature of payment Recipient Deductor Rate of TDS 15 Any income in respect of securities referred to in section 210(1) (Table: Sl. No. 1) Foreign Institutional Investor Any person As per Note 2 Scope of the provision This clause applies to any income in respect of securities referred to in section 210(1) [Table: Sl. No. 1] pa....

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....ment referred to in section 159(1) or section 159(2) and furnishes the certificate referred to in section 159(8), tax shall be deducted at the rate specified in such agreement, if that rate is lower than 20%. Thus, the provision permits application of the beneficial treaty rate where the prescribed conditions under section 159 are fulfilled. Threshold limit No threshold limit has been pre....

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....t, 2025) Section 196D (Income-tax Act, 1961) Nature of payment Income in respect of securities referred to in section 210(1) (Table: Sl. No. 1) Income in respect of specified securities payable to a Foreign Institutional Investor Recipient Foreign Institutional Investor Foreign Institutional Investor Person responsible to deduct tax Any person ....