TDS

This query is : Resolved

Ketan (Querist)
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28 January 2011 DEar sir, we have deducted TDS on payment to foreign parties. we have to issue form 16A, can we issue Form 16A in foreign currency. or is it compulsory to be in INR ?
as foreign party does not have PAN, what to write in PAN details ?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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28 January 2011 Form 16A has to be issued in Indian Curreny only.
for PAN not available I hope the TDS must have been deducted @ 20%.

Simply mention not available in that case.

Guest

Guest (Expert)

28 January 2011 You can also ask the party to apply for PAN and in case, no PAN is availed, you may deny for issuance of Form 16A

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