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Any payment to non-resident if taxable in India, TDS will be deducted @20% in absence of PAN

Commentaries / Editorials - Dated:- 2-1-2016 - TDS u/s 195 - payment to non-resident - TDS either @ 10% or @ 20% - assessee in default - assessee has not produced the Permanent Account Number of the recipients for deducting tax @ 10% The ld. Represen .....

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there was no obligation to obtain Permanent Account Number, according to the ld. Representative, sec. 206AA of the Act is not applicable. Held that:- If the recipient has no taxable income in India then the question of deduction of tax may not arise .....

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ons of Chapter XVII of the Act. Sec. 206AA of the Act also falls in Chapter XVII. In view of the specific provision in sec. 206AA which provides for deduction of tax @ 20% wherever the recipient failed to furnish the Permanent Account Number, this Tr .....

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