Automated Data Entry into Tally, Zoho Books, Quickbooks

Tds for 195

This query is : Resolved 

09 February 2023 Sir

In IT concern , we pay to foreign company for server charges . need to dedcut tds ?
if yes 195sec ?
rate & section pls explain

09 February 2023 Hi

Section 195 of the Income Tax Act, 1961 specifies the TDS provision in the case of an individual making a payment by way of interest or any other amount other than salary to an NRI or a foreign company.

TDS is deducted at either of the following rates, whichever is more beneficial to the payee:

Rates as per the Finance Act of the given year
Rates contained in the Double Taxation Avoidance Agreement (DTAA) between India and the country of residence of such non-resident
Note that the rates given under the Finance Act are to be increased by the applicable surcharge and education cess of 4%. However, surcharge and cess are not required to be added to the rates given under DTAA.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Automated Data Entry into Tally, Zoho Books, Quickbooks
Advanced Level Course on GST Returns and ITC Issues with CA Abhishek Raja Ram

Follow us

Answer Query