FORM 17

In theory, an NRI can apply to the Assessing officer in India for TDS exemption (complete or partial) in Form-13. The officer may then issue Form-15AA directly to the all the persons who are required to apply TDS instructing them not to apply TDS or apply it at lower rate. The Form-15AA would be valid for the current financial year or as specified in the Form. In practice, such letters are issued by ITOs only under mitigating circumstances. Also, this letter is required to be obtained for every year.

As per CBDT Notification No.402/92/2006-MC (11 of 2009) Dated: April 11, 2009

It has been decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962. The amended / substituted Rules shall now come into effect on 1st July 2009 instead of 1st April 2009.

Tax deductors / collectors should continue to deposit TDS / TCS tax and file TDS / TCS returns as per the pre-amended provisions in the interim period.

As per CBDT Notification No.402/92/2006-MC (11 of 2009) Dated: April 11, 2009

It has been decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962. The amended / substituted Rules shall now come into effect on 1st July 2009 instead of 1st April 2009.

Tax deductors / collectors should continue to deposit TDS / TCS tax and file TDS / TCS returns as per the pre-amended provisions in the interim period.

The CBDT No.402/92/2006-MC (11 of 2009)
 Dated: April 11, 2009

PRESS RELEASE

The Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962. The amended / substituted Rules will now come into effect on 1st July 2009 instead of 1st April 2009.

Tax deductors / collectors may continue to deposit TDS / TCS tax and file TDS / TCS returns as per the pre-amended provisions in the interim period.