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Income-tax Rules, 2026 | Rule 209 of 333

Rule 209 - Application by payee for no-deduction certificate

Reviewed by CA Nikhil Gupta · Last reviewed 29 August 2026

Local extract available Legacy mapping: 29B

For the connected rule or filing step, see Rule 213 - Application for lower-rate or no-deduction/no-collection certificate.

209Rule number
1649Local text characters
1Linked Forms

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Source and status control

Primary authority: Notification No. 22/2026 / G.S.R. 198(E)

Currentness control: Base Rules effective 1 April 2026. Check later amendments, corrigenda and portal implementation before action.

Local statutory extract - official source controls

Rule text held in the production corpus

Interest receipt certificate application. 209. (1) A person entitled to receive interest or another sum of the nature specified in section 393(2) [Table: Sl. No. 17] may apply in Form No. 126 for a certificate under section 395(1) authorising receipt of such income without deduction of tax. This includes: a banking company or insurer (as defined in section 2(9)(d) of the Insurance Act, 1938) that is not a domestic company and operates in India through a branch, provided it has been regularly assessed and has filed returns for the last five tax years due before the application, is not in default on any tax or related sum, and the interest or sum is receivable by the branch for its own account and not on behalf of its head office, an overseas branch, or another person - in which case the certificate covers any interest (other than interest on the specified excluded category of securities) or any other sum other than dividends; and any other person carrying on business or profession in India through a branch, meeting the same conditions plus at least five years of continuous business or professional activity in India and fixed assets in India (per the relevant tax year's books) exceeding Rs 50 lakh - in which case the certificate covers any sum other than interest or dividends. (2) The certificate granted by the Assessing Officer under section 395(1) shall be valid for the tax year specified therein, unless cancelled by him before the expiry of that tax year. (3) An application for a fresh certificate may be made, if required, after the expiry of the earlier certificate's validity, or within three months before its expiry.

Local extract SHA-256: ccdf5e017b66ec47d86b8b3e15c507ae78971aed3b548109a3e2f8469d049da9. This hash authenticates the local extract only; it does not certify that every amendment, table or Gazette footnote has been consolidated.

Rule map

Related sections

Use the title and official text to identify the governing section; no local section reference is asserted.

Related Forms

Form 126

Finin2min implementation framework

Trigger and scope

Determine whether the facts fall within the Rule heading and linked section. Verify commencement and the tax year involved.

Evidence and control

Preserve the return, statement, report, certificate, computation, source records and acknowledgement relevant to this Rule.

Consequence

Non-compliance may affect computation, exemption, deduction, procedural validity, reporting, recovery, appeal or penalty depending on the governing section.

Transaction application

Identify the actor, event date, governing tax year or reporting period, authority, document version and every cumulative condition. Record why each limb is satisfied, disputed or not applicable.

Authority, consent and execution

Confirm legal capacity, authorised signatory, digital-signature requirements, professional certification and portal credentials before filing or relying on the document.

Evidence and retention checklist

Retain source data, approvals, computations, correspondence, filing acknowledgement, payment record, amended filing history and the version of the governing instrument used.

Limitation, forum and remedies

Do not assume a general limitation period. Check the specific Act, Rule, notification, portal window, condonation power, appeal route and judicial treatment applicable to the event date.

Cross-law overlays

Check the Income-tax Act, 2025, transition rules, relevant Schedule, tax treaty, Companies Act, GST, FEMA and accounting treatment where the transaction crosses regimes.

Finin2min Q&A

Is this page the notified Rule?

It contains a local statutory extract, but the linked official source and later amendments control.

What should be verified immediately before use?

Effective date, amendment history, forms or utilities, filing channel, authentication method, due date, fees, transition from the 1962 Rules and any judicial interpretation.

Finin2min | Income-tax Rules, 2026 | Educational and professional reference. The current official law, Gazette, portal and judicial treatment control.

Source and review trail

Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.

Official starting point
www.incometaxindia.gov.in

Page source links