The person making deduction of tax in accordance with sections 193, [194, 194E, 195 [, 196A [, 196B [, 196C and 196D]]]] of the Act from any payment made to—
(i) a person, not being a company, who is a non-resident or a resident but not ordinarily resident, or
(ii) a company which is neither an Indian company nor a company which has made the prescribed arrangements for the declaration and payment of dividends within India ;
[shall send within fourteen days from the end of the quarter a statement in Form No. 27] to the [Assessing Officer] referred to in rule 36A :]
[Provided
that where the income by way of interest on securities referred to in section
193 or the payment to non-resident sportsmen or sports associations referred
to in section 194E or the interest or any other sum referred to in section 195
or the income of a foreign company referred to in sub-section (2) of section
196A [or the income from units referred to in section 196B] [or the income from
foreign currency bonds or shares of an Indian company referred to in section
196C] [or the income of Foreign Institutional Investors from securities referred
to in section 196D] is credited by a person [to the account of the payee as
on the date up to which the accounts of such person] are made, the statement
in Form No. 27 shall be sent within fourteen days after the expiry of two months
from the month in which income is so credited.