TMI BlogApplication for certificate authorising receipt of interest and other sums without deduction of taxX X X X Extracts X X X X X X X X Extracts X X X X ..... educted under sub-section (1) of section 195 may, if he fulfils the conditions specified in sub-rule (2), make an application for the grant of a certificate under sub-section (3) of section 195 authorising him to receive without deduction of tax under sub-section (1) of that section any such income as is specified hereinbelow, namely :- (i) where the person concerned is a 3 [ banking company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rule (1) are the following, namely : - (i) the person concerned has been regularly assessed to income-tax in India and has furnished the returns of income for all assessment years for which such returns became due on or before the date on which the application under sub-rule (1) is made; (ii) he is not in default or deemed to be in default in respect of any tax (including advance tax and ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder sub-rule (1) by a 3 [ banking company or an insurer ] shall be in Form No. 15C and by any other person referred to in clause (ii) of sub-rule (1) shall be in Form No. 15D. (4) The Assessing Officer may give a certificate authorising the person concerned to receive the income specified in clause (i) or clause (ii) of sub-rule (1), without deduction of tax under sub-section (1) of section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 1. Omitted vide Not. 31/2016 - Dated 5-5-2016 , before it was read as under, (iii) he has not been subjected to penalty under clause (iii) of sub-section (1) of section 271; 2. Substituted vide Not.59/2017 - Dated 4-7-2017 , before it was read as under, interest on securities 3. Substituted vide NOTIFICATION NO. 75/2020 dated 22-09-2020 before it was read as banking comp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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