Non resident taxation- tds

CA pradeep (OFFICER- FINANCE) (84 Points)

24 December 2011  

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..