is tds payable on freight charged by foreign company on goods shipped? if yes then how much? and if no then which section or rule or provision will be applicable?
please reply as soon as possible
regards,
sneha
sneha (Chartered Accountant) (101 Points)
28 July 2010is tds payable on freight charged by foreign company on goods shipped? if yes then how much? and if no then which section or rule or provision will be applicable?
please reply as soon as possible
regards,
sneha
CA Amit Kumar Khaitan
(Research Analyst)
(360 Points)
Replied 28 July 2010
I think that the foreign company earning from goods shipped at a port in India is himself liable to pay the tax under Sec 172 or 44B.
Please wait for others to reply
I dont have practical knowledge on this.