TDS on Non Resident Shhipping Company

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Suchit Seth (Querist)
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21 January 2010 We have a korean client, they need to pay some shipping charges to a korean shipping company for delivering goods on india port.

Now the question arises whether TDS will be deducted u/s 195 & at what rate?

Regards

Suchit

CA Prashant Gupta

CA Prashant Gupta (Expert)
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21 January 2010 if payment is made by Korean client and payment is to be made to a korean shipping company(foreign reisdent) then there is no tax liablity in India. So indian TDS will not be applicable.
If this payment is made by indian company to korean shipping company and payment is made directly in Korea then also no TDS as services outside India and payment is made outside India.

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