TDS for Foreign Co.

This query is : Resolved

Malcome M Bandya (Querist)
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14 October 2010 Dear Sir,

We having the Foreign customer in Germany.
they not having the PAN no. as per indian base. for example (AAAPR4523D, they having IT no. as per Germany base.

Now we have to deducted the TDS in which rate?

As per Indian Low when PAN not available deduct higher Rate.

Please advise?

Regards,

Malcome

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 October 2010 206AA. Requirement to furnish Permanent Account number

Notwithstanding anything contained in any other provisions of this Act, any person entitled to receive any sum or income or amount, on which tax is deductible under Chapter XVIIB (hereafter referred to as deductee) shall furnish his Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rates, namely:—

(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 twenty per cent.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 October 2010 https://www.caclubindia.com/forum/recent-applicability-of-pan-to-foriegn-co-for-tds-u-s-195-83410.asp

Please also see this link.

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