TDS on Ocean Freight
This query is : Resolved
29 January 2011
Hi,
There is a indian Pvt. co. who charge ocean freight on import from Another indian Pvt. co.
My question is that should co. deduct TDS on ocean freight paid by it and what rate.
Reply soon..............
There is a indian Pvt. co. who charge ocean freight on import from Another indian Pvt. co.
My question is that should co. deduct TDS on ocean freight paid by it and what rate.
Reply soon..............
29 January 2011
Your question is not clear. Plese cleraly mention who is making the payment to whom.
Message likes :
1 times
30 January 2011
virtue of Sec 172 (1) which inter-alia states that "The provisions of this section shall, notwithstanding anything contained in the other provisions of this Act, apply for the purpose of the levy and recovery of tax in the case of any ship, belonging to or chartered by a non-resident, which carries passengers, livestock, mail or goods shipped at a port in India" . Hence the levy and recovery of Tax from Non-Resident Shipping will only be governed u/s 172 and not 194C or 194I. Kindly also see Circular No. 723 dtd 19-09-1995 of CBDT (attached) which further clarifies the same.
Since No TDS provision is applicable on Non-Resident Shipping Companies , Hence the question related to DTAA is not relevant.
Since No TDS provision is applicable on Non-Resident Shipping Companies , Hence the question related to DTAA is not relevant.
Message likes :
1 times
31 January 2011
respected sir,
Actually i am asking about the Indian co.
both co.'s are Indian there is no question of non resident.
Is TDS deduct on ocean freight charged by Logistic pvt. ltd. (Indian co.)
Actually i am asking about the Indian co.
both co.'s are Indian there is no question of non resident.
Is TDS deduct on ocean freight charged by Logistic pvt. ltd. (Indian co.)
02 February 2011
TDS not applicable on foreign shipping agency or his authorize agent. if indian company is agent then TDS not applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
