TDS
This query is : Resolved
17 May 2011
To deduct TDS for a Non resient forwign citizen and to file the ETDS quarterly return , do I need to get PAN number from them.This is the only payment made. The non resident may refuse to take pan number. what shall I do. How to solve the problem
18 May 2011
In that case he has to pay 20%.
However please check what is the amount paid to him during the year. if it is less than the limit, TDS need not be deducted
However please check what is the amount paid to him during the year. if it is less than the limit, TDS need not be deducted
18 May 2011
Deduct 20% TDS u/s.195 else ask to party apply for PAN card.
18 May 2011
Rate would be 20% or applicable rate as per S.195, whichever is higher
19 May 2011
Since the foeign citizen do not have PAN, rate of tax will not be less than 20%. it may be higher than 20% if applicable rate as per S.195 is higher. The applicable section of Income Tax Act for TDS on payment to non residents is 195 which specifies no basic exemption limit for deduction of TAX.
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