TDS Under Section 194LC for Interest on ECB paid to Non Resident (PAN Not available)
This query is : Resolved
Quick Summary
Pranay Parmar
(Querist)
07 April 2025
Respected Sir/Ma'am,
The details are as follows:
1) External Commercial Borrowings Loan Taken before 01-07-2023.
2) TDS as per 194LC 5% concessional rate is applicable.
3) PAN of Non Resident Not Available.
Kindly throw some light on TDS Rate, if Non Resident is not having PAN.
Will still be 5% concessional rate available or TDS should be deducted at Heigher Rate?
Thank You!
Yours Sencierely
The details are as follows:
1) External Commercial Borrowings Loan Taken before 01-07-2023.
2) TDS as per 194LC 5% concessional rate is applicable.
3) PAN of Non Resident Not Available.
Kindly throw some light on TDS Rate, if Non Resident is not having PAN.
Will still be 5% concessional rate available or TDS should be deducted at Heigher Rate?
Thank You!
Yours Sencierely
07 April 2025
In the absence of a PAN, the withholding tax on interest under Section 194LC could be as high as 20% instead of the standard 5%.
29 September 2025
Good luck..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Foriegn assets disclosure
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
