22 August 2013
A company is going to make the payment for ocean freight for making exports. The shipment has been done by a foreign shipping company. The payment is being made through the shipper's agent. Is TDS / Withholding Tax applicable on Ocean Freight?
22 August 2013
TDS NOT APPLICABLE ON OCEAN FREIGHT PAYMENT
Income Tax Officer vs Freight Systems (India) (P) Ltd
Payment made through clearing agent and you are making payment to agent on actuals as per original bill paid by clearing agent tds not applicable on this transaction as it looks pure re-imbursement
CAclubindia
