Withholding Tax Rate, Income Tax

[Ashwani Rustagi]

We are receiving services from Non Resident - USA (No PAN) both from corporate and non-corporate on regular basis and had been deducting TDS @ 21.012% including surcharge and cess till now.

I understand that recently, there has been change in rate of wiholding tax effective from June 01, 2013. Can some-one advise me what would be rate of tax now (including surcharge & cess) for both with or without PAN number of deductee.

Regards,

Ashwani Rustagi

 

Posts / Replies

[Anuj Gupta]

Ashwaniji,

 

The rate has been increased w.e.f 01.04.2013 and has now become 25.75% if the amount  payable is less than 1 crore.

Also if the foreign company or individuals are providing services ,physically in India, then you may need to deduct TDS at higher rate.

 

Anuj