TDS

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silvi ubal gomes (Querist)
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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.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 August 2010 Sec 194C will be attracted.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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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.

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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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.)

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