EXACT TDS RATE FOR NRI FOR WHOM DTAA BENEFIT IS AVAILAED & PAN IS NOT AVAILABLE

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..... EXACT TDS RATE FOR NRI FOR WHOM DTAA BENEFIT IS AVAILAED & PAN IS NOT AVAILABLE
Query (Issue) Started By: - mohan c r Dated:- 14-2-2011 Last Reply Date:- 15-2-2011 Income Tax
Got 2 Replies
I .....

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..... ncome Tax
Dear Sir, can somebody can guide the following: An NRI is covered by DTAA agreement. He is not having a PAN. Interest earned u/s 195 of IT Act. What is the TDS to be effected. wheth .....

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..... er 20% or as per DTAA rates or 30.90%(normal rate as per Section 195 as there is no clarifty, can some body guide on the issue. Thanks Mohan Reply By CA Rachit Agarwal: The Reply: 20% or DTAA whic .....

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..... hever is higher. For availing benefit of lower TDS i.e less than 20%, he must have PAN. Reply By Seetharaman K C: The Reply: The DTA rate would supersede the higher rate that is if the DTA rate is .....

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..... lower the same would be applicable. In any case PAN no would be mandatory
Discussion Forum - Knowledge Sharing .....

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