TDS
This query is : Resolved
silvi ubal gomes
(Querist)
20 August 2010
ABC LTD gets a fixed amount from its customers as toll charges for parking their vehicles. Whether TDS on rent or contract is applicable here.
20 August 2010
Sec 194C will be attracted.
CA Sanat Pyne
(Expert)
20 August 2010
It should be deducted u/s 194I since charges are paid for usage of the land and there is no contract of work and labour here for deduction u/s 194C.
It has held in the case of Kohinoor Infrastructure Ltd. V/s CIT(A) Mumbai that pay & park charges are liable for deduction u/s 194I.
It has held in the case of Kohinoor Infrastructure Ltd. V/s CIT(A) Mumbai that pay & park charges are liable for deduction u/s 194I.
Message likes :
2 times
20 August 2010
Payments made for landing and parking charges shall be deemed to be rent and the same would warrant deduction of tax at source u/s 194–I. CIT Vs Asiana Airlines 175 Taxman 177 (Del.)
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
