Now no Higher Rate in TDS if no PAN available for NRIs

– In Budget 2016, Non-resident Indians (NRIs) without PAN will not be subjected to higher rate of TDS.

Reduce TDS Rate if no PAN for NRIs

Reduce TDS Rate if no PAN for NRIs

– Non-residents without PAN are currently subjected to a higher rate of  TDS. Budget 2016 proposes to amend section 206AA of the Income-tax Act so as to provide that TDS shall not be deducted at a higher rate in case of non-residents not having PAN, subject to prescribed condition.

– It is proposed to amend the relevant provision to provide that on furnishing of alternative documents, the higher rate will not apply.

           For More Details about TDS for NRIs

Get in touch with an Adroit TDS Expert, if you have any questions related to TDS. Adroit can also help you to regarding TDS for your innovation. We will be happy to assist you!

Leave a Reply

Your email address will not be published. Required fields are marked *