Applicable TDS rate on Foreign Consultants and Procedure for Foreign Individual to apply for PAN

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..... Case Detail: We have made the payments to Foreign Consultants for Designe Fees, Interior Consultancy Charges in USD and TDS to be deposited u/s 195 of Income Tax Act . From the F.Y. 2010-11, TDS to be deducted @ 20% who doesn't have their PAN No. We have payment to Foreign Individual or Foreign Company who don't have their permament establishment in India. Please advice us for the following iss .....

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..... ues, 1.what is rate to be applicable on Foreing Consultants from the F.Y. 2010-11? 2. Is there any way to deduct the TDS at lower Rate either by applying PAN no in India or any other way? If Yes, what is the proceadure to apply PAN number for Foreign Individual and Foregn Company. - Reply By GOPALJI AGRAWAL - The Reply = Tax would be deductible at lower of the following: tax as per normal tax rat .....

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..... e, tax as per treaty. If the deductee has no PAN, then 20% due to provision of section 206AA which is very controvesial issue at the time. - Reply By Anuj Gupta - The Reply = The facts given by the querist are not very clear. The country to whom payments are being made is not specified. Also whether the payee is an individual or company is also not specified. Also the exact nature of payment is a .....

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..... lso not clearly mentioned. I would request Mr. Mahesh to kindly provide these details to come to any conclusion. - Applicable TDS rate on Foreign Consultants and Procedure for Foreign Individual to apply for PAN - Query Started By: - mahesh upadhyay Dated:- 10-5-2010 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax M .....

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..... anagement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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