Deductibility of TDS on demurrage charges payable to a foreign shipping company

RELEVANT PARAGRAPH 8. Section 172 of the Act 1961 is carefully considered by us. Chapter XV titles as “LIABILITY IN SPECIAL CASES”. We have no concern with sections, starting from Section 159, till Section 171 from this Chapter XV. Section 172 comes under sub-title “H.-Profits of nonresidents from occasional shipping business”. Title of Section 172 is “Shipping business of non-residents. ” For bringing a case under Chapter XV, H of the Act 1961, one has to establish a case of profits of non-residents from occasional shipping business. “Non-residentR...