Sec 195- non resident ??

CA Vanamala Phani Kumar (Proprietor of M/s Vanamala and Co)   (972 Points)

19 December 2012  

U/s 195(1)     

Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest (not being interest on securities) or any other sum chargeable under the provisions of this Act (not being income chargeable under the head "Salaries" shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force :

That means Indian comapany Need not deduct TDS on Forgien services ???????