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Sec 195 TDs

This query is : Resolved 

22 June 2011 sir,
While making payment to Foreign companies in relation to any services , TDS should be deducted.

No let me know it is mendatory to have the PAN of such foreign comapany while deducting the TDS under provision of sec 195 ? what happen if they dont have PAN.

23 June 2011 TDS will be deducted higher rate or 20% whichever is more u/s 206AA



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