If deductee is a Foreign company. Payment is related to fees for professional services.
My question is :- Is exemption available for non-furnishing of PAN (u/s 206AA). TDS rate will be 20% for non-furnishing of pan or tds will be 10% as per normal income tax rules
25 April 2018
are you talking about this notification? https://www.pwc.in/assets/pdfs/news-alert-tax/2016/pwc_news_alert-28_june_2016-cbdt_notifies_conditions_for_non-resident_deductees_to_avail_relaxation_from_higher_withhol.pdf
Querist :
Anonymous
Querist :
Anonymous
(Querist)
26 April 2018
Sir, As per my understanding this notification is applicable only if deductee is a non residents other than company , other than a foreign company (i.e. notification is not applicable on foreign company ) As per my understanding If I am paying to a foreign company which does not have PAN then I have to deduct 20% Tax instead of 10 %. Am I right ??
CAclubindia
