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tds on ocean freight

TDS / TCS 1050 views 1 replies

as per the new tds rule tds is not to be deducted if goods transport operator furnishes his PAN

goods transport operator is the one engagd in " leasing, hiring and plying of goods carriage"

now is RESIDENT shipping line also covered in this provision and is tds not liable to be deducted on ocean freight?

kindly clarify what is the scenario

Replies (1)

Carriage of Goods by sea is subject to TDS when paying to resident shipping companies and freight forwarders u/s 194C and to Non Resident Freight Forwarders u/s 195. Provisions of TDS do not apply only on Non residents in Shipping Business (Line, Charter Party, NVOC etc.).


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