TDS Under Section 194LC for Interest on ECB paid to Non Resident (PAN Not available)
This query is : Resolved
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..
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