Whether New TDS provsns without pan is also applicabl on NRI

Good Morning Friends!!!

 
What is your opinion about applicability of new provisions of TDS to NRI covered in DTAA??
 
Suppose Dubai-India treaty stipulates TDS @ 10% whether with new provision - if NRI Donot have PAN, payer has to deduct 20%??
And the payment is made in INR locally.
 
In other words, whether this amendment supersede exiting treaties with various countries?
 
What is your view on this....



Replies (2)

Dear Radhesh,

This question has already been discussed in this thread -

/forum/applicability-of-higher-tds-rate-of-20--76900.asp

Dear Friends,

 

I have one query to make. is this notification applicable on forein companies accepating remittances ffrom Indian companies at loss (cash outflow to foreign company is less than cash inflow ).

I think this notification/ PAN requirement is not applicable to foreign company to which remittances are being made at NIL TDS.

Any clarification/ suggestions are most welcome.

best regards,

Sushil Dabas

 

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