Tds Rate As Per Dtaa Agreement

The benefit of Article 90(2) is not available to residents of countries with which there is no DBAA or to those who do not have a valid CRT. Section 206AA would apply to them without exception and the tax would be deducted at a higher rate, in accordance with Section 206AA of the Act, although there is a lower tax rate in Section 115 of the Act. . . .