tds on ocean freight

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Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2010 Is TDS to be deducted on ocean freight payements ?
any specific circular exist for non deduction of TDS on ocean freight....

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 June 2010 Yes TDS to be deducted u/s 194C.

CA.RAJIV SHUKLA FCA

CA.RAJIV SHUKLA FCA (Expert)
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23 December 2010 Ocean Freight includes Freight pls go through TDS Ready Racknor for this tricky Questions.

Ocean freight is exmpted if paid for the services rendered out side india and billing in foreign curency.

IF it is paid to Indian Agency and bill in Indian Currency is liable for Tds u/s 194 J @1% or 2% as per stauts of the agency.