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This query is : Resolved

TARIQUE RIZVI (Querist)
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19 August 2021 Respected Sirs,
Query No.1
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What is basically section 206-C and as in which situation this is applicable.

Query No.2
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Whether TDS is applicable on export freight (Ocean Freight ) ? Is there any judgement available on NON-DEDUCTION OF TDS ON EXPORT FREIGHT. What are the conditions as in which TDS exemption is allowed.

Please guide me and oblige.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 August 2021 1 It's tax collection at source.
See the link for more information.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://taxguru.in/income-tax/section-206c-tax-collection-source.html%3Famp&ved=2ahUKEwiO3av6lr3yAhWCYisKHcajDXwQFnoECAYQAQ&usg=AOvVaw14aBVedJ7HgLMEecBd66px&cf=1
2 TDS not applicable on export freight on case of foreign ship and their agents.

As per CBDT circular 723 of 1995, foreign shipping companies or their agents are exempted from TDS under section 194C – payment to contractors .

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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19 August 2021 Thanks sir
Lot of thanks sir

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