Changes in section 206aa(rule 37bc)
This query is : Resolved
Nagaraja S Hegde
(Querist)
11 August 2016
Dear Sir,
Whether Rule 37BC of Income Tax Rules which gives relaxation to non-residents from furnishing PAN number in India while claiming TDS benefits, also applicable to foreign companies?.Because above said rule says that "In the case of a non-resident, NOT being a company, or a foreign company ....................".
Thank you.
Whether Rule 37BC of Income Tax Rules which gives relaxation to non-residents from furnishing PAN number in India while claiming TDS benefits, also applicable to foreign companies?.Because above said rule says that "In the case of a non-resident, NOT being a company, or a foreign company ....................".
Thank you.
Amol S Joglekar
(Expert)
11 August 2016
not being a company denotes that companies are not covered under that rule.
Message likes :
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Nagaraja S Hegde
(Querist)
11 August 2016
Correct sir, but there is continuation which states that " OR A FOREIGN COMPANY" i m not getting this point.
Amol S Joglekar
(Expert)
11 August 2016
01. In the case of a non resident not being a company
02. In the case of a Foreign Company
what is the confusion?
02. In the case of a Foreign Company
what is the confusion?
Message likes :
3 times
Nagaraja S Hegde
(Querist)
11 August 2016
Thank you sir, Now i got the point.
Amol S Joglekar
(Expert)
11 August 2016
You are most welcome.
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