TDS on Brokerage payble to Foreign company

Section 195 of the Income-Tax Act, 1961 requires that any person responsible for paying a non-resident any sum chargeable under Indian tax law shall deduct income-tax thereon at the rates in force at the time of credit of such sum to the account of the payee or at the time of actual payment thereof, whichever is earlier.

TDS rate would be  10% or 20% (Please recheck)

It appears that the broker is non resident and operates outside India. In this case no part of his income arises in India. Therefore no tax is deductible under Section 195. Kindly refer to Cisrcular No. 786 dated 07.02.2000.