We are deducting TDS on payment made to a foreign company. How do we file TDS return as company does not have PAN in India. What PAN is to be mentioned in TDS return?
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 28 February 2021
Section 206AA was introduced from FY 2010-11. Section 206AA requires every taxpayer who receives taxable income to furnish their PAN to the payer of such income. This applies to both the resident as well as non-resident recipients. The payments in case of residents would include salary, rent, professional receipts, contractual receipts and so on. In the case of non-resident, these would include all receipts that are taxable in India.
If PAN is not available then 20% tds will be deducted
If PAN is not available then 20% tds will be deducted
Lila
(Job)
(523 Points)
Replied 01 March 2021
Its not about rate of TDS. What PAN should we write for deductee while filing TDS return?
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