search this site - type your query and submit

Daily Email Newsletter (Sign-up Free)

Rule 37CB, I. T. Rules 1962: Class(es) Buyers - Sec 206C(1D) 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

Check at Income Tax Dept. official site for latest version of the Rule.

This page was created/last updated on 17th October 2016.

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.