Filing form 27q

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2012 I have difficulty in uploading form 27q (Income tax TDS return) for the reason that the foreign company to which the professional charges paid by netting of tax under section 195 of the income tax is not having PAN NO.
Is there is any solution to this problem. Please any one can advise on this.

Sunny Sonwal

Sunny Sonwal (Expert)
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08 November 2012 If the deductee not having PAN number in that case you can submit return by writting 'PANNOTAVBL' in the 'PAN of Deductee' column under Form 27Q in 'Annexure Part'.

And also would like to share to you that in case of deductee not having PAN tax would be levied @ 20% or respective tax rate, whichever is higher.