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Rule 37CB of Income Tax Rules 1962: Class or classes of buyers to whom provisions of sub-section (1D) of section 206C shall not apply

Rule 37CB : Class or classes of buyers to whom provisions of sub-section (1D) of section 206C shall not apply.
(Chapter: VIA - Collection of Tax at Source)

(1) The provisions of sub-section (1D) of section 206C in relation to sale of any goods (other than bullion or jewellery) or providing any service shall not apply to the following class or classes of buyers, namely:—

(i) Government;
(ii) embassies, Consulates, High Commissions, Legation or Commission and trade representation, of a foreign State;
(iii) institutions notified under United Nations (Privileges and Immunities) Act, 1947.



Extra Notes for Readers:

- Rule 37CB was introduced by the Income Tax (21st Amendment) Rules, 2016, w.e.f. 19th Aug. 2016



Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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