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..
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Copyright software
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
