Section 195 TDS Not Applicable for Freight Payments to Non-Resident Shipping Companies Due to Section 172 Override.

TDS u/s 195 - disallowance u/s 40(a)(i) - overriding effect of section 172 - freight paid to non-resident shipping companies - there is no warrant in applying the provisions in chapter XVII for collection and recovery of the tax and its deduction at source vide section 195 - AT .....

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