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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

TDS on demurrage reimbursed by the assessee to the foreign buyer ...


No TDS on Demurrage Reimbursement to Foreign Buyer; Income Not Taxable in India u/s 5.

September 9, 2013

Case Laws     Income Tax     AT

TDS on demurrage reimbursed by the assessee to the foreign buyer to compensate the foreign buyer for paying demurrage to the ship owner - Income cannot be deemed to accrue or arise in India in hands of foreign buyer - not taxable in India and not liable to tax deduction at source - AT

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