No TDS Deduction Needed for Demurrage Payments to Foreign Shipping Firms u/s 194I of Income Tax Act.

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Full Text of the Document

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....TDS u/s 194I - Their remains no ambiguity that the assessee was not liable for deduction of TDS u/s 194-I of the Act on the payment made to the Foreign Shipping Companies on account of demurrage charges.....