Tds on ocean freight

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2015 for our office we get into various contracts .these comprises of different civil works and parties while bidding are quoting different rates of vat and service tax on these jobs in maharshtra .
could you pl throw light on this

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2015 one of my relative company abc freight pvt ltd.is deducting tds on freight but he is not deducting tds on ocean freight amount

there is any exemption regarding this
if yes give me circular,notification regarding this

thanks in advance for your valuable advice

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 February 2015 For TDS on ocean freight refer CBDT Circular 713 reported in 215 ITR (St) 4.

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Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2015 this is not related to ocean freight i think sir this is
723,dated 19-9-1995

please confirm

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 February 2015
713 is payment to 'residents' ( para 3 ......passengers or goods).

723 is payment to 'non-resident' ship owners through Indian agents.

Former is INCLUSIVE of ocean freight but latter is EXCLUSIVE for ocean freight subject to the distinction given above.