PAN for a Korean Company

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..... PAN for a Korean Company
Query (Issue) Started By: - Pradeep Kaushik Dated:- 16-8-2011 Last Reply Date:- 28-10-2011 Income Tax
Got 1 Reply
Income Tax
Respected Sirs, We have to make a ro .....

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..... yalty payment to our Korean Company . On the Royalty payment there is liability to deduct TDS @ 20.6%. Our Auditors suggested to get that PAN from the India Tax Authority to avail the beneficial tax .....

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..... rate. Is it possible to obtain PAN for a Korean Company. If Yes, please let me know the procedure. After getting the PAN what section of TDS will be applicable on that Korean Company, how we issue th .....

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..... e TDS Certificate and how that Korean Company will get the benefit of the TDS certificate. Please clarify in details. Best Regards. Pradeep Kaushik Reply By Anuj Gupta: The Reply: The rate of TDS .....

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..... shall be 20% and not 20.6% under section 206AA. TDS will be deductable u/s 195 and certificates be will be issued as are issued to domestic persons i.e.in Form 16A. Korea company shall get the beni .....

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..... fit of TDS deducted in India under India Korea DTAA. Anuj
Discussion Forum - Knowledge Sharing .....

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