Tds on consultancy fees

yes under section 195. See the DTAA with Sri Lanka.

The TDS rate will be under DTAA or 10% whichever is beneficial to assessee.

If not PAN then whichever is higher as follow:-

10%

Rate under DTAA

20%.

If the services are consumed for a project outside India then, by virtue of section 9(1), income of the non resident is not taxable in India and hence there will be no withholding tax. Otherwise, if the source of income if resident indian company is within India, then section 195 read with DTAA is applicable.

Regards,