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
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.).
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
