Sir,
I want to do correction in TRACES for 27Q for a deductee, for Q1 of FY 2018-19. While modifying deductee details, it is asking "whether the rate of TDS is as per IT Act (a) DTAA(b)". It is giving me two options A and B. What is the difference?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 24 July 2019
Whether the deductee is resident or non resident?
vangala pranav
(18 Points)
Replied 24 July 2019
Sir, he is NRI. TDS is deducted at 10.4% . We got short deduction notice. I requested for 27Q correction. I noticed that wrong country was selected. So i selected correct country. Then it is is asking whether the rate of TDS is as per IT Act(a) or DTAA(b) and giving me two options, A and B.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 25 July 2019
From the relevant data, I can easily presume that the tax has been deducted u/s. 195 of IT act. So, if 10.4% rate is selected as per the said act, select option A.
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