tds
This query is : Resolved
01 February 2010
can we deduct tds on waiting charges paid for the tanker kept in the factory premises? if so why?
CA PUNEET TANEJA
(Expert)
01 February 2010
Hiii.. Pradeep.
I would like to tell u that Waiting Charges for the tanker kept in the factory are in the nature of Detention Charges. Hence its a contractual arrangement between the company and the tanker co.
Hence company is liable to deduct TDS u/s194C for the Detention charges paid.
I would like to tell u that Waiting Charges for the tanker kept in the factory are in the nature of Detention Charges. Hence its a contractual arrangement between the company and the tanker co.
Hence company is liable to deduct TDS u/s194C for the Detention charges paid.
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