https://www.taxtmi.com/forum/issue?id=2127 Where interest is payable to a nonresident bank, the payer may deduct tax at source and provide proof so the recipient can claim a foreign tax credit under the Double Taxation Avoidance provisions; the recipient must meet its domestic credit requirements. If the recipient does not furnish PAN, higher withholding applies, but the payer may use the PAN of the recipient's Indian branch where the branch is not a separate entity, which affects which taxpayer can claim the credit. en-us Mon, 23 Aug 2010 10:38:45 +0530 Thu, 23 Jan 2025 15:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2127 Where interest is payable to a nonresident bank, the payer may deduct tax at source and provide proof so the recipient can claim a foreign tax credit under the Double Taxation Avoidance provisions; the recipient must meet its domestic credit requirements. If the recipient does not furnish PAN, higher withholding applies, but the payer may use the PAN of the recipient's Indian branch where the branch is not a separate entity, which affects which taxpayer can claim the credit. Discussion-Forum Income Tax Mon, 23 Aug 2010 10:38:45 +0530 https://www.taxtmi.com/forum/issue?id=2127