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Dear Niru,
The answer to your ques. depends on the fact that to whom the freight is being paid?
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If the transporter is a resident,then, section 194C will be applicable as it covers transort charges paid for transport of goods/passengers by ANY mode of transport.
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However, if freight is being paid to a Non-resident,then, Section 44BB & section 172 becomes applicable. TDS on NR is deducted u/s 195.
Section 44BB is for calculation of income & S.172 is for recovery of tax.
Section 172 specifically overrides whole of the income tax i.e. NR engaged in shipping business need not pay any advance tax & TDS.
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Hence,in case of NR transporter, NO TDS will be deducted u/s 195.
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Conclusion
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In case of Indian transporter - TDS u/s 194C
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In case of NR transporter - NO TDS