certificateu/s195of incometax act

Mr.Damle Sudheer

You please go through section 195 carefully and steadily. Subsection (1) of Section 195 reads as under:

Any person responsible for paying to a non-resident, not being a company, or to a foreign compnay, any interest or any other sum chargeble under the provions of this Act (not bieng income chargeble under the head salaries) shall at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, which is ealier, deduct income-tax thereon at the rates in force.

Hope you have got the clarification.

Best Wishes

Sathikonda