Whether 20% tax rate is applicable to NRI's in case of no PAN?
Applicability of 20% tax rate to nri's in case of no pan
CA Abhijeet N. Bobade (MANAGER) (269 Points)
09 October 2012
CA Abhijeet N. Bobade (MANAGER) (269 Points)
09 October 2012
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 09 October 2012
yes..refer section 206AA
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 09 October 2012
In such a case though you will deduct tax at source, you cannot issue TDS certificate. Also you will not be able to upload Form 27Q -- quarterly TDS return as there would be no PAN in payee field.
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