Hi Experts,
We received service from a Party from Denmark. The party does not have PAN so what will be the TDS rate considering DTAA?
7 Replies
Sahil Arora
(Accountant)
(40 Points)
Replied 26 April 2014
| Originally posted by : Amar | ||
 |
Hi Experts, We received service from a Party from Denmark. The party does not have PAN so what will be the TDS rate considering DTAA? |
 |
Sir,
The applicable rate will be 20%. Pan Number is not Mandatory for Section 195. You have to issue Transaction Based Report to Party after filling of TDS Return i.e. Form27Q.
Hope it helps.
CA PANKAJ
(business consultant)
(288 Points)
Replied 26 April 2014
Dear Amar, please let me know what type of services (nature) you have received...??
Ronak
(Chartered Accountant)
(75 Points)
Replied 27 April 2014
The applicable rate will be 20% or relevat rate in the provisions whixhever is higher.
sneha
(senior manager)
(28 Points)
Replied 27 April 2014
There is a cess of 3% so the rate is 20.6%.
Prasanna kumar B C
(audit assistence)
(31 Points)
Replied 28 April 2014
Hi,
TDS on professional service without PAN is 20%.
amit
(article assistance)
(30 Points)
Replied 28 April 2014
You also have to service tax bcoz its import of service.
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
