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Tds on royalty to foreign company

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(Querist)
29 December 2012 Sir,
My company is paying royalty to balco inc. Of USA of rs.24000 (converted from dollars)..balco has no operations in India and also does not hold a pan number.do we have to deduct tds on this remmitance?..please guide me through the provisions of tds in this case together with the dtaa clause applicable.
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@VaibhavJ

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@VaibhavJ (Expert)
29 December 2012 Hi

TDS to be deducted @ 10% u/s 195.

Thanks!!

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