7487
This query is : Resolved
19 August 2021
Respected Sirs,
Query No.1
=========
What is basically section 206-C and as in which situation this is applicable.
Query No.2
========
Whether TDS is applicable on export freight (Ocean Freight ) ? Is there any judgement available on NON-DEDUCTION OF TDS ON EXPORT FREIGHT. What are the conditions as in which TDS exemption is allowed.
Please guide me and oblige.
Query No.1
=========
What is basically section 206-C and as in which situation this is applicable.
Query No.2
========
Whether TDS is applicable on export freight (Ocean Freight ) ? Is there any judgement available on NON-DEDUCTION OF TDS ON EXPORT FREIGHT. What are the conditions as in which TDS exemption is allowed.
Please guide me and oblige.
19 August 2021
1 It's tax collection at source.
See the link for more information.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://taxguru.in/income-tax/section-206c-tax-collection-source.html%3Famp&ved=2ahUKEwiO3av6lr3yAhWCYisKHcajDXwQFnoECAYQAQ&usg=AOvVaw14aBVedJ7HgLMEecBd66px&cf=1
2 TDS not applicable on export freight on case of foreign ship and their agents.
As per CBDT circular 723 of 1995, foreign shipping companies or their agents are exempted from TDS under section 194C – payment to contractors .
See the link for more information.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://taxguru.in/income-tax/section-206c-tax-collection-source.html%3Famp&ved=2ahUKEwiO3av6lr3yAhWCYisKHcajDXwQFnoECAYQAQ&usg=AOvVaw14aBVedJ7HgLMEecBd66px&cf=1
2 TDS not applicable on export freight on case of foreign ship and their agents.
As per CBDT circular 723 of 1995, foreign shipping companies or their agents are exempted from TDS under section 194C – payment to contractors .
19 August 2021
Thanks sir
Lot of thanks sir
Lot of thanks sir
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