TDS U/s 194C

TDS 1328 views 4 replies

Please suggest the possiblity:

I have paid Rs. 4,00,000/- to a party for transporting my goods out of India (Export sale) to an Indian transporter under ocean freight, and did not deduct TDS as the payee has provided PAN.

Is the above stated transporter eligible for the provision which states that:

W.e.f. 01-Oct-2009, tax shall not be deducted on any freight charges payable to the payee-contractor who is engaged in the business of plying, hiring or leasing goods carriages, in case the payee furnishes permanent account number to the payer.

 

Replies (4)

Its not Transporter its a Shipping Agency and TDS not applicable on foreign shipping agency or his authorized agent..

If he  had provide his PAN then then no TDS is liable to deduct after 01/10/2009.

no tds will be applicable

no need to deduct tds as definition of transporter under 194 C means plying, hiring and leasing of goods carrige. it means it also includes carrige through water


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