Will TDS be deducted on ocean freight or not?
This query is : Resolved
Pramod Sharma
(Querist)
15 November 2024
Will we charge TDS on ocean freight or not, because the ocean freight invoice we have received has been given by an agent whose Tax Residency Certificate is from UAE
sir, please reply
sir, please reply
Dhirajlal Rambhia
(Expert)
15 November 2024
If the payment for ocean freight is made to a non-resident shipping agent, such as one based in the UAE, TDS is generally not applicable. This is because payments made to non-residents without a permanent establishment (PE) in India do not attract TDS under Section 195 of the Income Tax Act.
Message likes :
1 times
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- IMS (import of goods) ITC related
- Advances to related party
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
