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TDS DEDUCTION, Income Tax |
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TDS DEDUCTION |
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We are a freight forwarding co in cochin.Some of our customers are deducting TDS from ocean freight.To avoid this deduction we are submitting the exemption certificate from shipping lines,but they were not accepting the same.if it is possible to get an exemption certificate for us from income tax. if possible what are the formalities we have to fullfil.Also let we know if there is any loophole to aviod this deduction.
kindly advice
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Section 197 deals with lower deduction of tax. You have to prepare the Profit/Loss statement and justify that there would be no profit during the year Hope the freight is in relation inland waters Further I am not able understand that what is this "exemption certificate from shipping lines". Page: 1 Old Query - New Comments are closed. |
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