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Rate of tax u/s. 195

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02 December 2010 what is the rate for deducting tax at source u/s. 195 for payment of non resident.

03 December 2010 Dear Mr Abhishek,
Tax rate will vary on case to case basis depending on the nature of payment, country of resident ( whether India have DTA agreement). Qoating an example, we do have DTAA with France, and if we are paying for Fees for Technical services, TDS will be @10% if recepient is having PAN in India, and otherwise full tax i.e.20% plus cess. Recepient will get the credit for the said tax deducted in India as per DTAA.
It would be better if you specify nature of payment and country of the payee.
Best Regards
CA Navneet



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