can somebody can guide the following:
An NRI is covered by DTAA agreement. He is not having a PAN.
Interest earned u/s 195 of IT Act.
What is the TDS to be effected. whether 20% or as per DTAA rates or 30.90%(normal rate as per Section 195 as there is no clarifty, can some body guide on the issue.
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20% or DTAA whichever is higher.
For availing benefit of lower TDS i.e less than 20%, he must have PAN.
The DTA rate would supersede the higher rate that is if the DTA rate is lower the same would be applicable. In any case PAN no would be mandatory