banner_ad

about TDS

Others 3731 views 8 replies
User Avatar

16 Points Posted on 10 May 2007
TDS is applicable for ocean frieght?
Reply Share Follow
On 10 May 2007 at 16:20 Report
Replies (8)
User Avatar

16 Points Posted on 10 May 2007
Refer Sec 172 of IT Act. If the shipping company is a non-resident, then TDS is not applicable on ocean freight subject to a exemption certificate received from the company issued by the IT department.

Bye

Amit Aggarwal
Reply
On 10 May 2007 at 16:20
User Avatar

13 Points Posted on 10 May 2007
Though 7.5% of ocean freight is chargeable u/s 172 of the IT Act,it is not chargeable under the provisions of 195,194C of theIT Act,as per circular No 724 of 1995.
Reply
On 10 May 2007 at 16:20
User Avatar

Guest
460655 Points Posted on 29 October 2007
Is TDS applicable for ocean freight and Terminal Handling Charges for the financial year 2006-07
Reply
On 29 October 2007 at 18:03
User Avatar

Guest
460655 Points Posted on 21 January 2008
TDS will be applicable to ocean freight u/s 194 C only in case of resident not acting in the capacity of agent of Non resident shipping cos. i.e. outside purview of section 172.
Reply
On 21 January 2008 at 13:43
User Avatar

Guest
460655 Points Posted on 17 June 2008

what is the %age of tds on ocean freight charges if company is Pvt Ltd

 

Reply
On 17 June 2008 at 12:09
User Avatar

Guest
460655 Points Posted on 13 October 2008

Hi

Reply
On 13 October 2008 at 15:23
User Avatar

Guest
460655 Points Posted on 13 October 2008

TDS ON FREIGHT is exempted but Terminal handling Charges and other documentation charges is taxable

 

Originally posted by :Guest
" Hi "


 

Reply
On 13 October 2008 at 15:25
User Avatar

Guest
460655 Points Posted on 24 October 2008

HAI CAN YOU HELP ME GETTING SOME MORE MATERIAL ON TDS BEING APPLICABLE TO THC .

Reply
On 24 October 2008 at 13:32


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details