Section 194LC - Income by way of interest from long term bonds and loans from Indian companies

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....icability * Where any income by way of interest referred to in section 194LC(2) is payable to a non-resident, not being a company or to a foreign company by a specified company or a business trust, the person responsible for making the payment. * The purpose of eligibility under the section 194LC, shall be as approved by the Central Government. Approval of loan agreements/ long term infrastruc....

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....e on or after 1-7-2012 but before 1-10-2014, or * (c) by way of issue of any long-term bond including long-term infrastructure bond at any time on or after 1-10-2014 but before 1-7-2023 (extended) * as approved by the Central Government in this behalf, and * (b) in respect of monies borrowed by it from a source outside India by way of issue of rupee denominated bond before the 1-7-2023 (exte....

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....at the rate approved by the Central Government in this behalf, having regard to the terms of the loan or the bond and its repayment. Non-Applicability of higher rate of TDS u/s 206AA for non furnishing of PAN [ Section 206AA(7) Read with Rule 37BC ] * Any person entitled to receive any sum or income or amount, on which tax is deductible under Chapter XVIIB shall furnish his Permanent Account Nu....