Tds deduct on payment of ocean freight

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2012 Dear Sir,

Can I deduct TDS on payment of Ocean Freight to Resident Shipping & Logistics Company. If deductible then what rate apply and in which section of IT Act 1956.

10 March 2013 TDS to be deducted u/s 194C.

Rate of TDS 2% (Since it is a company)


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