Tds on ocean freight

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 October 2011 Hi All,

Please let me know whether tds is applicable on ocean freight or not, paid to a shipping company of india??? Plz Provide any notification.

31 October 2011 Shipping company of India is resident in India for which the global income is taxable in India. Therefore, it will not be covered by section 195 but only under Section 194C. TDS is fully attracted.

Good Bye! Cheers!!

31 October 2011 Shipping company of India is resident in India for which the global income is taxable in India. Therefore, it will not be covered by section 195 but only under Section 194C. TDS is fully attracted.

Good Bye! Cheers!!


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