Tds on non gst
This query is : Resolved
prakash muduli
(Querist)
30 April 2019
Hi,
Kindly suggest if there is any TDS on export ocean freight.
Kindly suggest if there is any TDS on export ocean freight.
CA R SEETHARAMAN
(Expert)
30 April 2019
Applicability of TDS Provisions for Ocean Freight basically depends upon Status of Transporter, weather Resident or Non Resident.
As in case of Resident, Provisions of Section 194C of the Income tax Act, 1961 will apply as it covers carriage of goods or passengers by ANY mode of transport other than by railways, hence it includes Ocean Freight.
TDS should not be made in case of non resident shipping companies as they are being assessed u/s 172.
As in case of Resident, Provisions of Section 194C of the Income tax Act, 1961 will apply as it covers carriage of goods or passengers by ANY mode of transport other than by railways, hence it includes Ocean Freight.
TDS should not be made in case of non resident shipping companies as they are being assessed u/s 172.
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