Section 195

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jinesh (Querist)

03 December 2014 Dear Sir,

i have aclint who has sent proforma invoice in Foreign Currency for Mat procurement.
Foreign Shipping principal whos having branch in india. His agent has obtained Tax exemtion certificate and mentioned in the certificate that Ocean freight,CAF,BAF,Terminal Handling charges,detention,Surcharges are not subject to TDS for this he has obtained TAX exemtion certificate alongwith Circular No.723 dult sigend by authorized person.
agent has also billed Documentation charges,seal charges and Custom nOC charges and terminal handling charges with Service tax(In INR). invoice raised by agnet. now We have to make Payment.
TDS is applicable on above charges mentioned in the bill?
if yes then u/s which section?

Rupesh Jain

Rupesh Jain (Expert)

03 December 2014 if company have the exemption letter pls take copy of letter and check the applicability , that you name in this list or not or this is no tds deduction on all transaction. if yes then o Tds will deducted.

jinesh

jinesh (Querist)

04 December 2014 whatever charges that we pay in indian rupees that would be deducted or not? let me know. rest of the exp incurred in foreign currency that would not be deducted based on certificate?

let me know

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