since ocean freight is taxable from 1/10/22, is there any possibility that Tds also should be deducted for ocean freight? It was exempted before
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Quick Summary
Since ocean freight became taxable from October 1st, 2022, there's a question about whether Tax Deducted at Source (TDS) should now apply. The general consensus is that TDS will indeed be deductible on ocean freight, particularly if it's considered a contract. This update clarifies the tax implications for businesses involved in international shipping.