8 Replies
Amit
(16 Points)
Replied 10 May 2007
Refer Sec 172 of IT Act. If the shipping company is a non-resident, then TDS is not applicable on ocean freight subject to a exemption certificate received from the company issued by the IT department.
Bye
Amit Aggarwal
Bye
Amit Aggarwal
Mrajasekharan
(13 Points)
Replied 10 May 2007
Though 7.5% of ocean freight is chargeable u/s 172 of the IT Act,it is not chargeable under the provisions of 195,194C of theIT Act,as per circular No 724 of 1995.
(Guest)
TDS ON FREIGHT is exempted but Terminal handling Charges and other documentation charges is taxable
| Originally posted by :Guest | ||
| " | Hi | " |
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