TMI BlogPAN for a Korean CompanyX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected Sirs, We have to make a royalty 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Authority to avail the beneficial tax 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on that Korean Company, how we issue the TDS Certificate and how that Korean Company will get the benefit of the TDS certificate. Please clarify in details. Best Regards. Pradeep Kaushik - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By Anuj Gupta - The Reply = The rate of TDS 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 person ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s i.e.in Form 16A . Korea company shall get the benifit of TDS deducted in India under India Korea DTAA. Anuj - PAN for a Korean Company - Query Started By: - Pradeep Kaushik Dated:- 16-8-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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