TDS Provisions

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TDS Provisions
Query (Issue) Started By: - CA Rachit Agarwal Dated:- 18-10-2010 Last Reply Date:- 19-10-2010 Income Tax
Got 1 Reply
Income Tax
Assessee is making the export of goods. Asse .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ssee is paying the sea freight to Non Resident shipping company for the export of goods outside India. Payment to shipping company is being remitted outside India and that also in foreign currency. I .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n terms of Circular No.723, 1995 Section 195 and section 194C would not apply, where the provisions of the section 172 apply. Kindly advice whether TDS will be applicable for the payments made for se .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... a freight. Reply By GOPALJI AGRAWAL: The Reply: Mr. Rachit, you are correct. Tax is not required to be deducted on payments made to non-resident shipping companies or their indian agents.
Discuss .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X