This discussion addresses the applicability of Tax Deducted at Source (TDS) when making payments for ocean freight to an agent representing a non-resident company. The core question is whether TDS applies and, if so, under which section of the Income Tax Act, such as 194C or 195. It also considers potential exemptions if the agent is a non-resident or represents a foreign shipping agent covered under Section 172.
20 January 2020
Hello, I have a query regarding applicability of tds on payment made for ocean freight to agent of non resident company. whether TDS applicable on such payments? if yes then under which section. 194C or 195 or any other section.