TDS u/s 195

629 views 7 replies

 

We are going to take service( Errection and commissioning) from a Foreign company which does not have PAN no. There were no any DTAA agreement between India and his country
 
Kindly provide us at which rate we will deduct tax. 
 
please also provide rate when we bear the tax burden
Replies (7)

in my opinion in case where no PAN is available ....rate of TDS is 20% or higher as prescribed by relevant section of IT act 1961 .

 

 

Regards

M.s. Kabra

yes i also agree wid Madhusudan, when there is no PAN No. rate will be 20%

 

please also provide rate when we bear the tax burden

Kindly confirm rate is 20% or 20% + SC+ Cess

 

Urgent

the total payment made for erection & ... purpose will be disallowed if no TDS is deducted and thus whole amount adds to your profit for the year and will be taxed accordingly

for tds rate visit  https://www.simpletaxindia.org/2010/03/tds-rates-10-11-tds-rate-chart-10-11.html

TDS will be @ 20%. EC & HSEC on TDS are finished.

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