If Accreditation fees (Professional fees) are paid to a Foreign Company which does not a PAN and also does not a PE in India, then what % of TDS should be deducted on such payment?
Shall it be 20% as per Sec 206AA or 40% as per the rates in force?
Tds will be deducted at 40% that is rate in force as section 206 AA specifically states that if PAN is not furnished tax will be deducted at higher of following:
1. Rate specified in section
2. Rate in force
3. 20%
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