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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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] payable to a Foreign I....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 prescribed. Accordingly, ev....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er Note 2. • A lower treaty rate may be applied where the conditions of section 159 are satisfied and the prescribed certificate is furnished. • No monetary threshold has been prescribed. Exception: Section 393(4), Table S.No.16 Comparative Analysis: Section 196D (Income-tax Act, 1961) vs. Section 393(2), Sl. No. 15 (Income-tax Act, 2025) Particulars S....