Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
21 June 2011Friends
there is a non resident debenture holder in our books. we provide for interest liability and naturally deduct TDS. The point is the NR does not have a PAN in india.
questions
Can we issue form 16A without PAN to the deductee
what PAN details do we provide in form 27Q. without PAN can it be uploaded. But teh company has to file TDS return, otehrwise it will be a default
can the deductee claim TDS credit or refund in its overseas country
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 21 June 2011
Hi Dipjyothi..!!!
Ask the NRI to apply for PAN or you can deduct TDS @ 20% or actual tax rate which ever is higher....
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 21 June 2011
we are already doing it @ 20%, dude
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 21 June 2011
Den wats d problem dude
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 21 June 2011
Karan
the problems have been pointed out in my first posting already. please enlighten
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 22 June 2011
Can we issue form 16A without PAN to the deductee -
You can issue form 16A by writing PAN NOT AVAILABLE in the PAN column...
what PAN details do we provide in form 27Q. without PAN can it be uploaded...?
Yup..!!
without PAN no. too u can upload and file the TDS return..
the condition i face here is dat we couldn`t do this in GENIOUS software so we had to write a fake pan no.
but the same could be done in an RPU software..
The following instructions were found on the RPU software manual.....
Note: A valid PAN and invalid PAN cannot be updated with invalid PAN. If value in PAN Field is 'PANINVALID' 'PANNOTAVBL' or 'PANAPPLIED' it can be updated only with valid PAN.
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