Statement for tax deduction on income received from interest, dividends, or any other sum payable to non residents.

• It is applicable for payments made to non-resident Indians and foreigners other than salary.
• It has to be filled in for the declaration of Tax Deducted at source for the NRIs and Foreigners.
• It is submitted on a quarterly basis by the deductor and is applicable for tax deducted at source under section 200(3) of  the Income Tax Act of 1961.
• The income on which the tax is deducted at source includes interest, bonus, any additional income or any other sum owed to non-resident Indian or foreigner.
• It is compulsory for non-government deductors to furnish PAN. For government deductors the code “PANNOTREQD”has to be mentioned on the form.