Payment to Non- Resident

This query is : Resolved

pravindsingh (Querist)
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07 February 2011 Respected Sir,
I have recd. a certificate u/s 197 of Income Tax Act for deduction of tax at lower rate.
This Certificate is issued by department on the basis of application made by payyee a non- resident.
In this regard I have to say that I am not under Audit u/s 44AB and I have not taken TAN for TDS.So whether at he time of such payment Ihave to take TAN and deuct the tds @ as specified in certificate u/ 197

CA Pravin Singh

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Guest (Expert)

07 February 2011 What is nature of payment.

pravindsingh

pravindsingh (Querist)
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08 February 2011 Respected Sir,
Nature of payment is Purchase of Sharesw from NRI

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Guest

Guest (Expert)

09 February 2011 Yes whether or not you are subject to audit