Tds
This query is : Resolved
18 February 2016
Dear Experts
I have one query regarding TDS.
Our company kept stock in warehouse for 91 days which is owned by another person and he issued bill for 91 days, then we should deduct TDS on warehouse charges
KAVIRAJA ADDANGADI
(Expert)
18 February 2016
what is the amount for 91 Days? IF you are paying Rent than upto 180000/-Tresh hold limit is there u/s 194 I.
Prudhvi Raj
(Expert)
18 February 2016
Hi
As per 194I,Rent‘ means any payment, by whatever named called, under any lease, sub-lease,
tenancy or any other agreement or arrangement for the use of (either separately or
together)any,-
a. Land; or
b. Building (including factory building); or
c. Land appurtenant to a building (including factory building); or
d. Machinery; or
e. Plant; or
f. Equipment; or
g. Furniture; or
h. Fittings,
whether or not any or all of the above are owned by the payee. Therefore warehouse charges is liable to deduct TDS at 10% if total amount exceeds 1,80,000 PA
As per 194I,Rent‘ means any payment, by whatever named called, under any lease, sub-lease,
tenancy or any other agreement or arrangement for the use of (either separately or
together)any,-
a. Land; or
b. Building (including factory building); or
c. Land appurtenant to a building (including factory building); or
d. Machinery; or
e. Plant; or
f. Equipment; or
g. Furniture; or
h. Fittings,
whether or not any or all of the above are owned by the payee. Therefore warehouse charges is liable to deduct TDS at 10% if total amount exceeds 1,80,000 PA
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