CCI Online Learning
What do you want to learn today?

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Section 195 , dtaa ,pan not available

sidhigiri (Ipcc)     12 July 2019

 9 likes  236 points

| My Other Post

Dear Sir/Madam, Can u please let me know what is the solution for income tax tds return (form 27Q), u/s 195, pan error / short deduction or pan error ?? As the foreign party does not have any PAN Nmuber, PANNOTAVBL is quoted and rate of tds quoted in tds return is 10% (as per DTAA), and is so what is the solution for rectifying it ?? Please guide me


Saket Mishra   12 July 2019

Saket Mishra

 23 likes  366 points

View Profile | My Other Post

Read Rule 37BC if you r making payment to NR for-
-Fees for technical services or
-on account of trf of capital asset
and such NR is not having pan then provision of sec 206AA shall not apply ie; higher rate of deduction,
accordingly the information mention in Rule 37BC required to be mention in form 27Q, and you not required to deduct tax at higher rate...

Crux- If your r paying the amt to NR specified in rule 37BC and NR not having pan the also you r nt required to deduct tax at higher rate u/s 206AA but the payment to NR is other the in the nature which is mention in the said rule the u required to deduct tax at higher rate...

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads


Popular Discussion

view more »

Trending Tags
GST Live Class    |    x