Sir, we have received bill of Rs. 75800/- towards air freight export charges, kindly let me know if TDs applicable on air freight export charges? plz advise
Resident: Apply TDS at 1% (Individual/HUF) or 2% (others) under Section 194C if the payment exceeds Rs. 30,000 (single) or Rs. 1,00,000 (aggregate), unless the transporter provides a valid PAN and declaration as a small transporter (≤ 10 vehicles).
Non-Resident: Generally, payments for export freight to non-resident entities are often not subject to TDS, but this depends on the specific arrangement and tax residency status.