The Central Board of Direct Taxes on 16th March 2021 has published the Income-tax (5th Amendment) Rules, 2021 which shall be in force from 1st April 2021.
The Amendment brings in new rule 29BA which specifies the Application for grant of certificate for determination of appropriate proportion of sum (other than Salary), payable to non-resident, chargeable in case of the recipients.
An application by a person for determination of appropriate proportion of sum chargeable in the case of non-resident recipient under sub-section (2) or sub-section (7) of section 195 shall be made in Form 15E electronically,- (i) under digital signature; or (ii) through electronic verification code.
The Assessing Officer shall examine the application and on being satisfied that the whole of such sum would not be the income chargeable in case of the recipient, may issue a certificate determining appropriate proportion of such sum chargeable.
The certificate shall be valid only for the payment to non-resident named therein and for such period of the previous year as may be specified in the certificate, unless it is cancelled by the Assessing Officer at any time before the expiry of the specified period.
Further an application for a fresh certificate may be made, if the assesse so desires, after the expiry of the period of validity of the earlier certificate or within three months before the expiry thereof.
