Tds

This query is : Open

raj (Querist)
Follow

21 October 2013 Sir, please guide me whether TDS is to be deducted on import freight charges (including ocean or air freight, THC , Do charges etc.) if paid to :
1.Non resident
2.indian agent of non resident
3.resident
Please give answer considering provision of section 172 and TDS provisions.........

CA Harish Shyam Choudhary

CA Harish Shyam Choudhary (Expert)
Follow

21 October 2013 AS PER INCOME TAX ACT, IF THE INCOME CHARGABLE TO TAX UNDER THE ACT, THEN TDS IS REQUIRED TO BE DEDUCTED.

HENCE, IF YOUR EXPENDITURE IS FOR ANY ACTIVITY TAXABLE UNDER INDIAN INCOME TAX ACT, THEN YOU ARE REQUIRED TO DEDUCT TAX AT SOURCE.

IF THERE IS ANY FURTHER QUERY THEN FEEL FREE TO ASK

raj

raj (Querist)
Follow

22 October 2013 Sir, please guide me whether TDS is to be deducted on import freight charges (including ocean or air freight, THC , Do charges etc.) if paid to : 1.Non resident 2.indian agent of non resident 3.resident Please give answer considering provision of section 172 and TDS provisions.

Upgrade to CAclubindia Pro. Subscribe Now!

raj

raj (Querist)
Follow

22 October 2013 Sir, please guide me whether TDS is to be deducted on import freight charges (including ocean or air freight, THC , Do charges etc.) if paid to :
1.Non resident
2.indian agent of non resident
3.resident
Please give answer considering provision of section 172 and TDS provisions.