In case where sec. 206AA is made applicable on account of non-availability of PAN, whether the rate of TDS would be 20% or 20.60% (i.e. 20% + ed.cess)
What would be the scenario in case of foreign remittance to parties without PAN whether the rate would be 20% or 20.60% (i.e. 20% + ed.cess)
TDS rate would be 20% + surcharge if applicable to Foreign payments + Education cess. 20% is the only basic tds rate.
As amended by Finance Act (no.2), 2009, section 2(11), education cess and higher education cess will not be charged on TDS made from payments made to residents except salary payment. On payments to NRI, it will be applicable.
I completely agree.
AGREE WITH CA NEIL
TDS RATE WILL BE 20% FLAT BUT IN CASE OF SALARY IT WILL BE 20.6%
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
