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TDS on shed rent

Accounts officer



We are constructing a factory in our land.  wherein a temparary shed is build for preserving the materials by a shamiyana vendor by using pools & sheet for which we are making payment of Rs.13000/- every month.  Under which head it is to be accounted (whether hire charges or shed rent or contract payment) and at what rate it will attract TDS.

 
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In Service @ PSU



As you are paying RENT, tds should be deducted U/S 194I.

 
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CA



It will come under contract and TDS charged U/S 194C @ 1% / 2% (Indivual,HUF/Company)

 
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CA



Originally posted by : PAWAN

It will come under contract and TDS charged U/S 194C @ 1% / 2% (Indivual,HUF/Company)

It is Rent, TDS is deductibe U/S 194I, Mr Rajesh is correct

 
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