Re: Procedural questions- Non -Resident – Foregn Bank Account -Clarification are expected from CBDT

Whether non-resident taxpayers will be allowed to make payments under VSV through foreign bank account? Presently, such is not permissible mode. NR taxpayers to get payment through Indian bank account of associates or authorised person. Such process may involve time and hence may be a cause for delay in payment.

No separate challan has been introduced for payment under VSV. Accordingly, same challan which was earlier used for payment of regular demand by non-resident, can be used by non-resident also for payment of amount payable under VSV.  Since, the time-limit of VSV has been extended upto 30 June 2020, NRs have enough time to decide and arrange payments.

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