Extension of TDS proviso: deductor relief for payments to non residents when the payee files a return and pays tax. The law is amended to extend the first proviso to section 201 to cover payments to non residents so that where a non resident payee files a return, ... Summary
Extension of TDS proviso: deductor relief for payments to non residents when the payee files a return and pays tax.
The law is amended to extend the first proviso to section 201 to cover payments to non residents so that where a non resident payee files a return, discloses the payment, pays tax and furnishes a certificate, the deductor will not be treated as an assessee in default; interest will accrue only until the payee's return filing date. Additionally, clause (a) of section 40 is amended to deem tax as deducted and paid on the date the payee files its return, preventing disallowance of such payments.
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TaxTMI 
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