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TDS on Foreign payment under DTAA if no PAN, Income Tax |
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TDS on Foreign payment under DTAA if no PAN |
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In case of Payments out of India, the Payee not having PAN. what will be the rate of TDS, 20.60% ( u/s 206 ) or DTAA rates. Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
Tax will be deducted as per Section 206AA, as this section has an overriding effect on any other provisions of Income Tax Act, 1961. Regards, Reshma
As per provision of Section 206AA the rate of TDS is @20%
But in my opinion the rates precribed in the DTAA cannot be overriden by other sections of the Income TAx act, since DTA overrides any provisions of the Income Tax Act and the rates to be applied is whichever is beneficial to the assessee. The DTA is an agreement signed with the other country and thus it will override the other sections. Regards, B.Prasanna
Hi, I would request you to guys, could pls help me, we have received $17000 bill from data base compan, My request is is TDS will applicable On forign payment? if Yes with out PAN what is the percentage, with PAN number what is the percentage.. Annappa
your question is not clear... what is the exact transaction for $17000.
Regards, Reshma Page: 1 Old Query - New Comments are closed. |
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