Professional Documents
Culture Documents
Rule 37BC
Rule 37BC
1[Relaxationfromdeductionoftaxathigherrateundersection206AA.
37BC.(1)Inthecaseofanonresident,notbeingacompany,oraforeigncompany(hereafterreferred
toas'deductee')andnothavingpermanentaccountnumbertheprovisionsofsection206AAshallnot
applyinrespectofpaymentsinthenatureofinterest,royalty,feesfortechnicalservicesandpayments
ontransferofanycapitalasset,ifthededucteefurnishesthedetailsandthedocumentsspecifiedinsub
rule(2)tothedeductor.
(2)Thededucteereferredtoinsubrule(1),shallinrespectofpaymentsspecifiedtherein,furnishthe
followingdetailsanddocumentstothedeductor,namely:
(i) name,emailid,contactnumber
(ii) addressinthecountryorspecifiedterritoryoutsideIndiaofwhichthededucteeisaresident
(iii) a certificateofhisbeing resident in any country or specified territory outsideIndiafromthe
Governmentofthatcountryorspecifiedterritoryifthelawofthatcountryorspecifiedterritory
providesforissuanceofsuchcertificate
(iv) TaxIdentificationNumberofthededucteeinthecountryorspecifiedterritoryofhisresidence
and in case no such number is available, then a unique number on the basis of which the
deducteeisidentifiedbytheGovernmentofthatcountryorthespecifiedterritoryofwhichhe
claimstobearesident.]
about:blank 1/1