Applicability of Provisions of sub-section (1G) of section 206C - Not applied to an individual who is not a resident in India in terms of clause (1) and clause (1A) of section 6 of the Act and does not have PAN. - 99/2022 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 99/2022 New Delhi, the 17th August, 2022 INCOME-TAX S.O. 3878(E) .-In exercise of the powers conferred by clause (ii) to fifth proviso to sub-section (1G) of section 206C of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as Act ) and in suppression of the notification of the Government of India, Central Board of Direct Taxes published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 1494(E), dated the 30 th March 2022 , except as respects things done or omitted to be done before such suppression, the Central Government hereby notifies that the provisions of sub-section (1G) of section 206C of the Act shall not apply to a person (being a buyer) who is a non-resident in terms of section 6 of the Act and who does not have a permanent establishment in India. 2. This notification shall come into force with effect from the date of publication of this notification in the Official Gazette. [F. No. 370142/9/2022-TPL Part (2)] MRINALINI KAUR SAPRA, Director