VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case lawCBDT Circulars & Instructions › Statutory position — section 206AA, sub-section (7) and rule 37BC: the twenty per cent rate, the five per cent provisos, and the non-resident's way out
CBDT Circulars & InstructionsCuts both wayss.206AAs.206AA(7)s.194-Os.194Qs.194LCs.197s.197As.139As.90(2)

Statutory position — section 206AA, sub-section (7) and rule 37BC: the twenty per cent rate, the five per cent provisos, and the non-resident's way out

My non-resident payee has no PAN. Must I deduct at twenty per cent, and is there any prescribed alternative?

My non-resident payee has no PAN. Must I deduct at twenty per cent, and is there any prescribed alternative?

Section 206AA(1) requires a deductee to furnish his permanent account number, failing which tax is deducted at the higher of the rate specified in the relevant provision, the rates in force, or twenty per cent — but two provisos substitute five per cent for twenty where the deduction is under section 194-O or section 194Q. Sub-section (7) disapplies the section altogether to a non-resident not being a company and to a foreign company in respect of interest on long-term bonds under section 194LC and any other payment subject to prescribed conditions, and rule 37BC prescribes those conditions. Under rule 37BC(1) the section does not apply to interest, royalty, fees for technical services, dividend and payments on transfer of any capital asset if the deductee furnishes the four items in sub-rule (2) to the deductor.

Decided by the CBDT Circulars & Instructions (Not applicable — statutory text) on 2021-07-01, reported as Income-tax Act 1961, s.206AA; second proviso to s.206AA(1) inserted by the Finance Act 2021 with effect from 1 July 2021; Income-tax Rules 1962, rule 37BC. It bears on section 206AA, section 206AA(7), section 194-O, section 194Q, section 194LC, section 197, section 197A, section 139A, section 90(2) of the Income Tax Act 1961, in TDS Defaults, How Tax Law Is Read and Residence & Treaty Benefit matters.

Still good law. This is the statute and the rule, not a decision about them. The section text in its current form was read from five departmental pages stamped Year 2022, Year 2023, Year 2024 (No. 1), Year 2024 (No. 2) and Year 2025, all identical; the Year 2025 stamp is the most recent located, so a later amendment cannot be excluded. Only one of those pages printed a footnote list, and it records only the Finance Act 2021 insertion of the section 194Q proviso and the cross-reference to rule 37BC, so the commencement dates of the section 194-O proviso and of sub-section (7) could not be sourced and are not stated. Rule 37BC carries no year stamp, as no departmental rule page does. What section 206AA does NOT do — override a beneficial treaty rate under section 90(2) — is not a statutory question and is dealt with in the separate entry on the Special Bench decision in Nagarjuna Fertilizers and Chemicals Ltd. v. ADIT (IT)-II, Hyderabad, and in the Delhi High Court's decision in Danisco India P. Ltd. v. Union of India already in the library.

Why it matters

The twenty per cent figure is quoted far more often than it is due, and three things cut it down. First, the rate is the HIGHER of three, not a flat twenty: where the section rate is already higher — a thirty per cent slab, say — twenty per cent is irrelevant, and where the section rate is 0.1 per cent under section 194Q the second proviso caps the consequence at five per cent, not twenty. A CPC computation at twenty per cent on a section 194Q payment is wrong on its face. Second, rule 37BC is a complete answer for most cross-border payments and costs nothing: the non-resident supplies his name, e-mail and contact number, his address in his country of residence, a tax residency certificate from that Government where its law provides for one, and his tax identification number or, if he has none, a unique number by which that Government identifies him. Collect those four items at the contract stage and the section simply does not apply to interest, royalty, fees for technical services, dividend or payments on transfer of any capital asset. Third, rule 37BC(3) adds a separate disapplication where section 139A itself does not apply to the non-resident by reason of rule 114AAB. Note two limits. Rule 37BC(1) is a closed list of payment types; a payment outside it — a business profit, a commission — is not covered, and for those the argument has to be run on section 90(2) instead, on which the Special Bench decision in Nagarjuna Fertilizers is the leading authority. And the documents must reach the DEDUCTOR: the rule is drafted as an obligation on the deductee to furnish them to the deductor, so a deductor who cannot produce them in an assessment has no defence, however genuine the payee.

Binding on the department, not on the assessee or the courts. An assessee may rely on a circular that is beneficial to them.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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