Whether New TDS provsns without pan is also applicabl on NRI

Dear Radhesh,

This question has already been discussed in this thread -

/forum/applicability-of-higher-tds-rate-of-20--76900.asp

Dear Friends,

I have one query to make. is this notification applicable on forein companies accepating remittances ffrom Indian companies at loss (cash outflow to foreign company is less than cash inflow ).

I think this notification/ PAN requirement is not applicable to foreign company to which remittances are being made at NIL TDS.

Any clarification/ suggestions are most welcome.

best regards,

Sushil Dabas