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[Cites 0, Cited by 7731] [Section 40] [Entire Act]

Union of India - Subsection

Section 40(a) in The Income Tax Act, 1961

(a)in the case of any assessee—
(i)any interest (not being interest on a loan issued for public subscription before the 1st day of April, 1938), royalty, fees for technical services or other sum chargeable under this Act, which is payable,
(A)outside India; or
(B)in India to a non-resident, not being a company or to a foreign company,