https://www.taxtmi.com/forum/issue?id=4827 TDS must be deducted on management fees remitted abroad; a lower withholding rate applies if the foreign recipient furnishes an Indian PAN, and a higher rate applies if PAN is not furnished. Advance remittances for import payments without bank guarantee or letter of credit may be allowed by AD banks within their internal limits based on importer bonafides; public sector importers require a specific waiver from finance authorities before making larger advance remittances. en-us Thu, 18 Oct 2012 10:51:28 +0530 Thu, 23 Jan 2025 15:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4827 TDS must be deducted on management fees remitted abroad; a lower withholding rate applies if the foreign recipient furnishes an Indian PAN, and a higher rate applies if PAN is not furnished. Advance remittances for import payments without bank guarantee or letter of credit may be allowed by AD banks within their internal limits based on importer bonafides; public sector importers require a specific waiver from finance authorities before making larger advance remittances. Discussion-Forum Income Tax Thu, 18 Oct 2012 10:51:28 +0530 https://www.taxtmi.com/forum/issue?id=4827