X pvt ltd ,clearing & forwarding agent paid freight charges to foregin (HONGKONG) company which doesnt have any agent or doesnt have any place in india.
whether i have to deduct the tds under section 195.
As hongkong company doesnt have any business connection in india whether we have to deduct Tds under section 195.
In bill they charged as ocean freight
Please help me out in this issue
Clarification Sought on TDS Applicability for Freight Payments to Foreign Company Under Section 195 of Income Tax Act A company, X Pvt Ltd, acting as a clearing and forwarding agent, paid freight charges to a foreign company based in Hong Kong, which lacks any business presence or agent in India. The query seeks clarification on whether Tax Deducted at Source (TDS) under Section 195 of the Income Tax Act should be applied to these payments. The foreign company charged for ocean freight. The response asks if the issue has been clarified and invites further information if needed. (AI Summary)
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