Dear Sir/Madam,
We Want to Issue TDS Certificate to Foreign Party as we were deducted tds @ 20% as per U/S 195 of I.T Act but foreigh Party does not have PAN .
As Per New rule we must have to issue Tds Certificate downloaded from TRACES & Mannual Tds Certifiacte not allowed by dept.
At the time of Download Tds certificate from TRACES PAN is Mandatorily required.
Is this any other Provision for Above Mention Case ?
Regards,
Vikas
CAclubindia
