Tds for payment to non resident
This query is : Open
26 April 2018
One of my client is going to pay some amount to foreign company for fees and technical services.The foreign resident did not provide his tax residency certificate.So DTAA not applicable.The Foreign Company not having Pan Number.At what percentage my client have to deduct tds before payment.
26 April 2018
tds will be deducted at the rate of 20%
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26 April 2018
Seems 20% will be OK by virtue of 206AA(7).
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27 April 2018
Sir as per section 195 what rate will attract for this payment
27 April 2018
SECTION 206AA OVERRIDES SECTION SEC195 IN CASE OF ABSENSE OF PAN
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