Tds
This query is : Resolved
indrajeetdarji
(Querist)
04 January 2013
our material stored at warehouse and i am paying warehousing charges for space occupied at such warehouse.pls,reply me whether tds to be deducted on such a payment if yes under which section 194(c) or 194(i)????
04 January 2013
As the warehouse charge is in the nature of rent it should be deducteed U/s 194 i
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Pankaj Gupta
(Expert)
04 January 2013
Yes I agree with mr mohan. As you have utilized the space of warehouse, hence it is in the nature of rent. Hence tds should be deducted under section 194(i).
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indrajeetdarji
(Querist)
08 January 2013
is agreement necessary for such a deduction bcoz presently we do not have any agreement with such party then is it ok or not??? and when liability to deduct tds will be arise???
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