Dear Sir,
i need a circular for non- deduction of TDS in case of ocean freight.
i have tried to search circular online but could not find so properly.
What if freight is paid to CHA? and what if paid directly to Shipping company?
kindly guide as to how to get proper circular for both the scenarios.
Menu
Tds on ocean freight payment
Replies (1)
Summary
-
To Residents: TDS applies under Section 194C (1% or 2%) if thresholds are crossed, unless a valid declaration for exemption under 194C(6) is provided.
-
To Non-Residents: TDS is generally not applicable based on the special provisions of Section 172 and CBDT Circular No. 723.
-
To CHAs: TDS typically applies to their service/handling charges; clarify if freight payments are being reimbursed or charged as a markup.
Recent Topic
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
Related Topics
CAclubindia
