Tds on royalty to foreign company


This query is : Resolved 

(Querist)
29 December 2012 Sir,
My company is paying royalty to balco inc. Of USA of rs.24000 (converted from dollars)..balco has no operations in India and also does not hold a pan number.do we have to deduct tds on this remmitance?..please guide me through the provisions of tds in this case together with the dtaa clause applicable.

@VaibhavJ (Expert)
29 December 2012 Hi

TDS to be deducted @ 10% u/s 195.

Thanks!!


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