TDS on foreign payment+ section 206AA

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TDS on foreign payment+ section 206AA
Query (Issue) Started By: - Naveen Jain Dated:- 3-4-2013 Last Reply Date:- 4-4-2013 Income Tax
Got 2 Replies
Income Tax
Dear All, Please confirm the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tds rate in following situation As per Budget amendment tds rate for foreign payment in respect of fee for technical service is 25%, DTAA rate for Polland is 22.5% and foreign party does not have PA .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... N so applicability of Section 206AA. In that situation what is the rate of TDS????????? Regards CA. Naveen Jain Reply By Ametek Instruments India Private Limited: The Reply: Section 206AA, provid .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es that in the absence of PAN TDS to be deducted at higher of: (i) at the rate specified in the relevant provision of this Act; or (ii) at the rate or rates in force; or (iii) at the rate of tw .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... enty per cent. In the present case the TDS deduction has to be at 25%. Reply By Naveen Jain: The Reply: Thanks for your valuable opinion. One more query: On 25% should surcharge, Education Cess an .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d higher Secondary Cess applicable or not? As Section 206AA not mentioned for surcharge and education cess.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X