Will TDS be deducted on ocean freight or not?
This query is : Resolved
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
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.
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