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TMI BlogTDS on demurrage paid to overseas supplierX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, We are coal importers. The contract with the supplier provides that the Coal shall be supplied on CIF basis. Accordingly, the sea freight is paid by the foreign supplier. The contr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... act provides for a time, within which, we are required to discharge the cargo. In case the discharge gets completed before the time allowed, we are eligible for some refund. Similarly, in case there i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s delay, we are liable to pay an agreed amount to the seller. This amount is referred to as demurrage. Whether, the amount of demurrage payable to overseas supplier is liable for deduct of TDS u/s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 195. Kindly opine. Thank you. With due regards, Shyam - Reply By Ganeshan Kalyani - The Reply = In my view No, but i welcome views of colleague experts. Thanks. - Reply By MARIAPPAN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GOVINDARAJAN - The Reply = In my view TDS is recoverable. I came across some case laws in this regard. - TDS on demurrage paid to overseas supplier - Query Started By: - Shyam Naik Dated:- 10-4- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2017 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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