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Tax treaty rates to prevail for withholding tax, even if non-resident does not have PAN © Provided by The Times of India MUMBAI: The Income tax Appellate Tribunal (ITAT) – Ahmedabad bench, has held that for the purpose of withholding tax in India, the beneficial rates of the relevant tax treaty shall prevail over the rates prescribed under India’s Income-tax (I-T) Act, even when the non-resident does not have a permanent account number (PAN). In other words, a PAN is not a precondition to adopt the beneficial rates in the tax treaty for the purpose of withholding tax. In this case, Jyoti Limited, a listed company, engaged in the field of engineering, had deducted tax at source at 10% on payments made to a Czech Republic resident-entity, which had not provided a PAN number. This rate was prescribed under the India-Czech Republic tax treaty.

Czech republicAzadi bachao andolanHonourable apex courtJustice easwar committeeAppellate tribunalJyoti limitedIndia czech republicDouble taxation avoidance agreementJustice easwarTax identification numberசெக் குடியரசுக ரவமான உச்சம் நீதிமன்றம்நீதி ஈஸ்வார் குழுமேல்முறையீடு தீர்ப்பாயம்ஜையோடீ வரையறுக்கப்பட்டவைஇந்தியா செக் குடியரசு