TDS on demurrage paid to overseas supplier

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....DS on demurrage paid to overseas supplier<br> Query (Issue) Started By: - Shyam Naik Dated:- 10-4-2017 Last Reply Date:- 11-4-2017 Income Tax<br>Got 2 Replies<br>Income Tax<br>Dear Experts, We are co....

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....al 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 contract provides for a time, wit....

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....hin 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 is delay, we are liable to pa....

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....y 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 195. Kindly opine. Thank you....

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..... 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 GOVINDARAJAN: The Reply: In my view TDS is re....

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....coverable. I came across some case laws in this regard.<br> Discussion Forum - Knowledge Sharing ....