TDS on Non Resident Shhipping Company
This query is : Resolved
21 January 2010
We have a korean client, they need to pay some shipping charges to a korean shipping company for delivering goods on india port.
Now the question arises whether TDS will be deducted u/s 195 & at what rate?
Regards
Suchit
Now the question arises whether TDS will be deducted u/s 195 & at what rate?
Regards
Suchit
21 January 2010
if payment is made by Korean client and payment is to be made to a korean shipping company(foreign reisdent) then there is no tax liablity in India. So indian TDS will not be applicable.
If this payment is made by indian company to korean shipping company and payment is made directly in Korea then also no TDS as services outside India and payment is made outside India.
If this payment is made by indian company to korean shipping company and payment is made directly in Korea then also no TDS as services outside India and payment is made outside India.
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