TDS Rate import service

we have taken service from import supplier in Oct 19 supplier .

supplier already have pan in India

invoice received in USD what is ghe rate of TDS on it
Replies (4)
Quick Summary
This discussion clarifies the TDS rate applicable to import services provided by non-residents to Indian entities. It highlights that Section 195 of the Income Tax Act governs TDS on payments to non-residents for services like new machine installation. The applicable TDS rate depends on the specific nature of the service received, with various rates provided for different income types, including capital gains, interest, royalty, and technical services, all inclusive of applicable cess and surcharges.

The rate of TDS should be as per the rate prescribed in india on import services.

section 195 will be applicable for TDS for Non resident import services

totally depends on what type of services you have received from NR supplier.
New machine installation service
 Sec. 195 - Payment/credit of other sum to a non-resident —
        a. income of foreign exchange assets payable to an Indian citizen- @ 20.822

b. income by way of long-term capital gains referred to in  section 115E or  section 112(1)(c)(iii) - @ 10.411

c. income by way of long-term capital gains referred to in section 112A - @ 10.411

d. short-term capital gains under • Sec. 111A - @ 15.617

e. any other long-term capital gains - @ 20.822

f. income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency - @ 20.822

g. royalty [see Note 5] - @ 10.411

h. royalty - @ 10.411

i. fees for technical services –  @ 10.411

j. any other income - @ 31.2

( all the above mentioned rates covered with Health Education & Cess @ 4% and surcharges wherever applicable)
We have import from Germany machine supplier issued two separate invoice 1 service of installation & machine invoice from import supplier in Oct 19 supplier for new machine installation

supplier already have pan in India 

invoice received in USD what is ghe rate of TDS on it 

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