Tds on shipping company


This query is : Resolved 

07 May 2012 Dear Expert,

Payment made to Local Agent of Foreign Shiipping Company liable for TDS or Not

Circular 723 is effective for New Budget or withraw

Kindly give advice

08 May 2012 Dear Chintan,

section 172 will apply to payment made to agent of foreign shipping company.

It is not liable under 194C.


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