TDS on demurrage paid to Supplier of Goods

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..... TDS on demurrage paid to Supplier of Goods
Query (Issue) Started By: - Shyam Naik Dated:- 11-3-2017 Last Reply Date:- 11-3-2017 Income Tax
Got 5 Replies
Income Tax
Dear All, We have impo .....

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..... rted coal from a foreign supplier. The discharging of cargo took more time than originally agreed and accordingly, we are required to compensate the supplier, ie. we need to pay demurrage. The query .....

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..... is, whether the payment of demurrage would attract TDS. Would be grateful, if some judgment can be quoted. Thank You. Warm regards, Shyam Reply By malay pota: The Reply: Dear Mr. Shyam Naik Impo .....

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..... rt Demurrage is subject to TDS. Malay Pota Reply By malay pota: The Reply: Dear Shyam Please do not consider my above reply as i have written through oversight.i am giving you fresh reply very soo .....

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..... n.Sorry for the inconvenience . Thanks Malay Reply By malay pota: The Reply: Dear Mr.Shyam Naik, As per my view there is no provision in the Income Tax of India for charging TDS on any payment to .....

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..... wards Import including DEMURRAGE. Reply By YAGAY AND SUN: The Reply: http://abcaus.in/income-tax/shipping-charges-not-liable-to-tds-us-1728-cbdt-circular-723.html Reply By Shyam Naik: The Reply: D .....

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..... ear Malay, Thank you very much. Shyam
Discussion Forum - Knowledge Sharing .....

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