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about TDS
TDS is applicable for ocean frieght?
Replies (8)
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
Bye
Amit Aggarwal
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.
Is TDS applicable for ocean freight and Terminal Handling Charges for the financial year 2006-07
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.
what is the %age of tds on ocean freight charges if company is Pvt Ltd
Hi
TDS ON FREIGHT is exempted but Terminal handling Charges and other documentation charges is taxable
| Originally posted by :Guest | ||
| " | Hi | " |
HAI CAN YOU HELP ME GETTING SOME MORE MATERIAL ON TDS BEING APPLICABLE TO THC .
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