Non resident taxation- tds

i have subscribed a online magazine from a US based company. and my payment is above 1 lakh... do i have to deduct tds... at 40%.. india is having DTAA agreement with US... do this have any impact on this transaction...  please advice me with specific sections if u can quote... plz..

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i would like to know u ppls comments... every one is not expert... please speak out nd let me get some clue...

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