Non-residents and foreign companies exempt from PAN requirement for interest payments on long-term bonds u/s 206AA.

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Full Text of the Document

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....Amendment of section 206AA. - requirement to furnish Permanent Account Number - the provisions of the said section shall also not apply to a non-resident, not being a company, or to a foreign company, in respect of payment of interest on long-term bonds as referred to in section 194LC and any other payment subject to such conditions as may be prescribed.....