TDS Rates for Non-Residents Without PAN: DTAAs Prevail Over Section 206AA, Impacting Rates for USA, China, Korea, Finland, Italy.

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....Short deduction of TDS - Non residents not having PAN - TDS @10% or 20% - invoking the provisions of Section 206AA - the PANs now made available for both the assessment years, the deductees are mostly from USA, China, Korea, Finland and Italy. DTAAs are available with all these five countries - the provisions of DTAA prevail over the provisions of I.T. Act, 1961 - AT....