tds on ocean freight
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2010
Is TDS to be deducted on ocean freight payements ?
any specific circular exist for non deduction of TDS on ocean freight....
any specific circular exist for non deduction of TDS on ocean freight....
24 June 2010
Yes TDS to be deducted u/s 194C.
CA.RAJIV SHUKLA FCA
(Expert)
23 December 2010
Ocean Freight includes Freight pls go through TDS Ready Racknor for this tricky Questions.
Ocean freight is exmpted if paid for the services rendered out side india and billing in foreign curency.
IF it is paid to Indian Agency and bill in Indian Currency is liable for Tds u/s 194 J @1% or 2% as per stauts of the agency.
Ocean freight is exmpted if paid for the services rendered out side india and billing in foreign curency.
IF it is paid to Indian Agency and bill in Indian Currency is liable for Tds u/s 194 J @1% or 2% as per stauts of the agency.
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