Relaxation for Non Resident Individuals from higher deduction of tax

Date created : 28-06-2016 13:09:19

TDS would not be deducted at a higher rate if the Non Resident Individuals does not hold PAN number for the payment which are in the following nature:

  1. Interest
  2. Royalty
  3. Fee for Technical Services
  4. Trabsfer of Capital Assets

and such Non Resident Individual furnishes the following information:

  1. Name
  2. E-mail
  3. Contact Number
  4. Address
  5. Tax residency certificate
  6. Unique Tax Identification number of such person in his country of tax residence