My query is regarding tax deduction at source on freight charges- 1) As per section 172 IT Act , 1969- TDS is exempt which carries passengers, livestock, mail or goods shipped at a port in India, So my question is that whether TDS is applicable or not for freight charges of Goods transported from India to any other countries.
2) Whether TDS is applicable on Freight charges of goods from and to India by Air.
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Tax deduction at source on Freight Charges
Replies (1)
TDS on freight charges depends on the provider: payments to non-resident shipping lines for goods shipped from Indian ports are generally governed by Section 172 and are often exempt from standard TDS. Conversely, payments to resident transporters (by air or other modes) are subject to Section 194C, requiring a 1% or 2% deduction unless the transporter provides a PAN and declaration (under the "10 vehicles or fewer" exemption) or the payment is below the annual ₹1,00,000 threshold.
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