Dispute Over TDS Applicability on Payments to Foreign Freight Agents u/s 40(a)(i) of Income Tax Act. https://www.taxtmi.com/highlights?id=66628 TDS u/s 195 - Disallowance u/s 40(a)(i) - payment made to International Freight Forwarding Agents (related companies) - those foreign companies are independent legal entities in foreign countries and they have no business activity nor any permanent establishment in India and, therefore, cannot automatically have business connection in India just because they are related parties. - HC en-us Fri, 18 Nov 2022 10:35:10 +0530 Fri, 18 Nov 2022 10:35:10 +0530 TaxTMI RSS Generator Dispute Over TDS Applicability on Payments to Foreign Freight Agents u/s 40(a)(i) of Income Tax Act. https://www.taxtmi.com/highlights?id=66628 TDS u/s 195 - Disallowance u/s 40(a)(i) - payment made to International Freight Forwarding Agents (related companies) - those foreign companies are independent legal entities in foreign countries and they have no business activity nor any permanent establishment in India and, therefore, cannot automatically have business connection in India just because they are related parties. - HC Highlights Income Tax Fri, 18 Nov 2022 10:35:10 +0530 https://www.taxtmi.com/highlights?id=66628