Dear Sir,
Plz tell me that, if an Indian company pay to a Foreign company for FREIGHT charges, where there is no PE in India of that Foreign company, then TDS should be deducted? What should be mention in form 15 CB for comment?
Thanks & Regards,
Amit Kumar Sinha
Freight charges shall form part of business income and the same shall not be taxable in India if there is no PE.
In Point 14 (c) of the form 15CB, you may choose to quote as follows "
agree with above reply freight charges are not liable to tax under sec 195
Thanks for input.
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