Pan number
This query is : Resolved
18 November 2011
DEAR ALL,
I WANT TO MAKE PAYMENT TO FOREIGN COMPANY AS PROFESSIONAL FEES AND IT HAS NO BRANCH IN INDIA. IF I DEDUCT TDS THEN PAN NUMBER OF FORIEGN COMPANY IS REQUIRED OR NOT. IF PAN NUMBER IS NOT THERE THEN WHAT IS RATE OF TDS.
I WANT TO MAKE PAYMENT TO FOREIGN COMPANY AS PROFESSIONAL FEES AND IT HAS NO BRANCH IN INDIA. IF I DEDUCT TDS THEN PAN NUMBER OF FORIEGN COMPANY IS REQUIRED OR NOT. IF PAN NUMBER IS NOT THERE THEN WHAT IS RATE OF TDS.
18 November 2011
if you dont have pan no then you have to pay tds @20%
if you dont have pan no then you have to pay tds @20%
18 November 2011
Tax deduction at source(TDS) will be deduct higher than prescribed rate or 20% if PAN is not furnished on all the transaction.
MORE INFO:
https://taxguru.in/income-tax/tds-rate-us-206aa-if-no-pan-on-payment-to-non-residents.html
MORE INFO:
https://taxguru.in/income-tax/tds-rate-us-206aa-if-no-pan-on-payment-to-non-residents.html
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