Hello,
We are paying know how fees to a Company in Germany (Registered in Germany) & deducting tax at the applicable rates. (Presently @ 20% since they do not have PAN number in India).
India & Germany has signed DTAA. Can the German Company claim this TDS amount in their annual tax return? If yes, is there any separate procedures to be followed by us in India to help them claiming this Tax?
Thanks for your time & advise
Ashish M Shah
NO separate process from your end except issuance of TDS certificate amd confirmation of transaction. The german company has to ontain the PAN card and fie their return.
Ashish / Saiyum
I have a query. You are deducting tax at source @ 20% -- fine as there is no PAN in India of the non resident.
But then without a PAN, how can you generate Form 16A ? How are you filing quarterly TDS return in Form 27Q .
Please enlighten.
Regards,
Ashish / Saiyum
Any thoughts, please.
Regards,
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
