Tds_section 195
This query is : Resolved
Nagaraja S Hegde
(Querist)
12 January 2016
Hi all,One of our clients is deducting the tax on the amount payable to foreign company at the rate of 20% as PAN of foreign company is not available.My question is whether 20% deduction is enough or we have to deduct cess also in addition to TDS @ rate 20%.Thank you
KAVIRAJA ADDANGADI
(Expert)
12 January 2016
Law is very clear if you don't have PAN ,you have to deduct 20% only.
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SANYAM ARORA
(Expert)
13 January 2016
True as it is a specified rate
Dhirajlal Rambhia
(Expert)
07 October 2021
Check the DTAA agreement, otherwise cess will also be applicable.
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