Payment to Non- Resident
This query is : Resolved
pravindsingh
(Querist)
07 February 2011
Respected Sir,
I have recd. a certificate u/s 197 of Income Tax Act for deduction of tax at lower rate.
This Certificate is issued by department on the basis of application made by payyee a non- resident.
In this regard I have to say that I am not under Audit u/s 44AB and I have not taken TAN for TDS.So whether at he time of such payment Ihave to take TAN and deuct the tds @ as specified in certificate u/ 197
CA Pravin Singh
I have recd. a certificate u/s 197 of Income Tax Act for deduction of tax at lower rate.
This Certificate is issued by department on the basis of application made by payyee a non- resident.
In this regard I have to say that I am not under Audit u/s 44AB and I have not taken TAN for TDS.So whether at he time of such payment Ihave to take TAN and deuct the tds @ as specified in certificate u/ 197
CA Pravin Singh
Guest
Guest
(Expert)
07 February 2011
What is nature of payment.
pravindsingh
(Querist)
08 February 2011
Respected Sir,
Nature of payment is Purchase of Sharesw from NRI
Nature of payment is Purchase of Sharesw from NRI
Guest
Guest
(Expert)
09 February 2011
Yes whether or not you are subject to audit
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