TDS on Ocean Freight

Iyappan.r (50 Points)

21 November 2007  

Hi

1. We have engaged Indian C&F agent for  movement of material from abroad .

2. He is billing the Ocean Freight on us converting the contracted USD in Rupees.

3. He is engaging  some other foreign liner for the movement.

WHETHER TDS HAS TO BE DEDUCTED FOR THE BILLING ??