Relaxation from deduction of tax at higher rate under section 206AA

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ber the provisions of section 206AA shall not apply in respect of payments in the nature of interest, royalty, fees for technical services, 2 [ dividend ] and payments on transfer of any capital asset, if the deductee furnishes the details and the documents specified in sub-rule (2) to the deductor. (2) The deductee referred to in sub-rule (1), shall in respect of payments specified therein, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ovisions of section 206AA shall not apply in respect of payments made to a person being a non-resident, not being a company, or a foreign company if the provisions of section 139A do not apply to such person on account of rule 114AAB. ] ---------------------------------- Notes:- 1. Inserted vide Not. 53/2016 - Dated 24-6-2016 2. Inserted vide NOTIFICATION NO. 54/2020 dated 24- .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X