Section 194C TDS not applicable on terminal handling charges

DCIT Vs Keshodwala Foods (ITAT Rajkot) The issue under consideration is whether TDS will be applicable on terminal handling charges u/s 194C? The assessee in the present case is a partnership firm and engaged in the business of processing/export of marine food. The assessee during the year has incurred processing charges amounting to Rs. 1,98,07,861/-without deducting the TDS under section 194C of the Act. The Assessing Officer observed that such payment was made to the resident transport operator/ labour contractors to load the goods on the ships. Accordingly, the Assessee was required to ded...